Business

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Industrial Projects to Build Lube Plant in Russia

May 21, 2024

Russian company Industrial Projects expressed intentions last week to build a lubricant blending plant in the Rostov obl ...

Profits Up for Yushiro, KH Neochem

Profits Up for Yushiro, KH Neochem

May 17, 2024

Yushiro Chemical reported increased fiscal-year net profit and sales for the quarter ended March 31, while specialty che ...

Calumet Reports Drop in Sales

Calumet Reports Drop in Sales

May 15, 2024

Calumet Specialty Products Partners L.P. reported decreased base oil and process oil sales revenue for the quarter ended ...

Fuchs Profit Rises Despite Revenue Drop

Fuchs Profit Rises Despite Revenue Drop

May 14, 2024

Independent lubricants blender Fuchs SE reported a 6% increase in first-quarter net profit and a 6% decline in sales rev ...

Shell Sells Singapore Refining Complex

Shell Sells Singapore Refining Complex

May 10, 2024

A joint venture led by Indonesian chemical company Chandra Asri has agreed to buy Shell’s fuels and petrochemical refi ...

Profits Decline for GS Caltex, Thai Oil

Profits Decline for GS Caltex, Thai Oil

May 10, 2024

South Korea’s GS Caltex’s base oils and lubricants division reported a small decrease in operating profit for the fi ...

Additive

Safety-Kleen Acquires Noble Oil

May 8, 2024

Safety-Kleen Systems acquired Noble Oil Recycling, which collects used oil in the Eastern United States and has a North ...

Valvoline, Quaker Chemical Profits Rise

Valvoline, Quaker Chemical Profits Rise

May 8, 2024

Valvoline Inc. reported higher revenue and a quarter bump in increases in operating income for the three months ended Ma ...

Castrol Earnings Up, Luberef’s Down

Castrol Earnings Up, Luberef’s Down

May 7, 2024

BP reported a 14% increase in profits for its Castrol Lubricants business in the first quarter, citing higher margins, w ...

Additive

Mitsubishi, Denka Form Fullerenes JV

May 3, 2024

Chemical maker Denka Co. has agreed to by a 50% stake of Mitsubishi Chemical’s Frontier Carbon Corp., forming a joint ...

Profits Down for SK Enmove, S-Oil

Profits Down for SK Enmove, S-Oil

May 3, 2024

The base oil and finished lubricant businesses of SK Enmove and S-Oil both reported declines in profits for the quarter ...

First Quarter Earnings Bump for Afton

First Quarter Earnings Bump for Afton

May 1, 2024

Afton Chemical achieved a 14% increase in first-quarter operating profit, primarily due to lower costs that overcame a d ...

Vivo Lube Earnings Rose in 2023

Vivo Lube Earnings Rose in 2023

April 30, 2024

Vivo Energy, which distributes lubricants to retail and commercial customers across Africa, reported a 10% increase in e ...

Additive

Fuchs to Acquire Lubcon

April 23, 2024

Fuchs Group announced yesterday an agreement to acquire Germany-based Lubcon Group, primarily with the aim of jointly in ...

South Korea Base Oil Exports Flat

South Korea Base Oil Exports Flat

April 19, 2024

South Korea’s base oil export volume was flat in March, although the reported value of the exported base oil declined ...

Profits Slip at Martin Midstream

Profits Slip at Martin Midstream

April 17, 2024

Martin Midstream Partners reported a slight decrease in first quarter operating income on lower sales for its specialty ...

AP Oil Posts Lower Profits, Sales in 2023

AP Oil Posts Lower Profits, Sales in 2023

April 12, 2024

Singaporean lubricants blender AP Oil International Ltd. reported steep declines in net profit and sales revenue for 202 ...

Earnings Fall at WD-40

Earnings Fall at WD-40

April 10, 2024

WD-40 Co. reported a decrease in net income on increased net sales for its maintenance products segments for its second ...