Volume 10 Issue 07
Crews Battle Blaze at Moove’s Rio Site
February 12, 2025Residents were evacuated from a blaze and fluid leak into Guanabara Bay at the Moove lubricant factory near Rio.
Lubrizol to Axe Staff in France
February 12, 2025Lubrizol is cutting staff in France and shifting some production overseas, blaming overcapacity in the market, the rise of electric vehicles, the aftermath of the coronavirus pandemic, sanctions on Russia and Chinese competition.
Survey: Russian Drain Intervals Drop
February 12, 2025A recent survey in Russia indicates motorists are reducing the intervals at which they replace their passenger car engine oils – results that a consulting firm attributed to an aging car parc.
Protestors Disrupt Shell Talk
February 12, 2025Two protesters disrupted a presentation by a Shell official at the ICIS World Base Oils and Lubricants Conference in London Thursday, part of a coordinated protest of the oil company’s operations in Nigeria.
South Korea Base Oil Exports Dip Again
February 12, 2025Base oil exports from South Korea dipped half a percentage point in 2024, falling to their lowest level since 2016, according to the latest data from the country’s Customs Service.
From the Previous Edition
February 12, 2025US Pauses Canadian, Mexican Tariffs
Pilot Undertakes Surfactant Expansion
US Base Oil Output Dipped in November
Briefly Noted
February 12, 2025Dutch chemicals distributor Univar Solutions has acquired United Kingdom-based Brad-Chem, a manufacturer and supplier of specialty lubricant additives, solid lubricants and lubricant dispersants. With the deal comes Brad-Kem, a joint venture between Brad-Chem and its Belgian partner Kemat formed in 2021 to supply molybdenum disulfide power for grease making.
Petronas Lubricants International and Dumarey Group will join forces to advance carbon neutrality in the automotive sector and develop high-performance lubricants for alternative fuels and new energy vehicles.
SK Innovation announced its Q4 results and reported consolidated revenue of KRW 19.41 trillion (U.S. $13.4 billion) and operating profit of KRW 159.9 billion. The company ended 2024 with consolidated revenue of KRW 74.72 trillion and operating profit of KRW 315.5 billion. The Q4 turnaround was due to better refining margins and the inclusion of SK Innovation E&S’s operating profit following a merger in November, the company said.