Volume 10 Issue 14
Blue Tide's Baytown Facility Finished
April 2, 2025Blue Tide and Pennzoil-Quaker State have completed their new rerefinery in Baytown.
EU Gives Thumbs Up to U.S. Purchase of OQ
April 2, 2025Strategic Value Partners' acquisition of OQ Chemical has been approved by the European Commission, the commission announced on its website.
Exports Aid Thailand PSP Continued Growth
April 2, 2025Thai lubricant blender PSP Specialties Public Co. Ltd announced a 57% jump in net profit for the financial year 2024 and plans to grow its overseas revenue to 30% within the next three years.
U.S. Base Oil Demand in Long Decline
April 2, 2025Base oil demand in the United States should increase slightly this year, but will remain significantly below pre-COVID-19 levels, an ICIS reporter told a recent industry conference here.
Career Moves: Who's Working Where
April 2, 2025A rundown of the global lubricant industry's newest appointees. Send your HR news to info@lubesngreases.com
Brielfy Noted
March 31, 2025German oxo intermediates company OQ Chemicals launched a dedicated heptanoic acid production unit at its Oberhausen facility set to start up in June this year. Heptanoic acid is used in high-performance synthetic lubricants, offering enhanced oxidative stability, anti-wear and anti-corrosion properties.
Spanish chemical distributor Lumar Química opened a subsidiary in Mexico City, according to the Ministry of Enterprise and Labor, with an aim to gain presence in the local market and export to other countries on the continent. The company was founded in 1994 in Barcelona and has a staff of 28 people in Italy, France and Germany. It has had a distribution presence in North Africa.
Demand for industrial lubricants is set to grow, according to market research company Persistence. The global industrial lubricants market is projected to grow to U.S.$31.3 billion by 2030 from the current $22.7 billion, says the company.