Volume 10 Issue 5
VLS Closes Certas TBN Claim Case
January 29, 2025Certas Lubricant Solution was quick to withdraw a legacy automotive lubricant after a Verification of Lubrication Specifications investigation upheld a complaint that it failed to meet claimed specifications.
2024: Bumper Year for Brazil Base Oils
January 29, 2025Brazil’s output of virgin mineral base oils jumped 24% in December, compared to the same month of 2023, rounding out the country’s most productive year since before the COVID-19 pandemic.
Fuchs Inks Peru Joint Venture
January 29, 2025Fuchs Group’s unabated business growth continued with a new joint venture in Peru. The German independent lubricant company announced it has formed a new entity called Fuchs Peru with brothers Arnaldo and Flavio Rubini, owners of Fuchs’ distributor in Peru, Remsac.
Two New Substances on ECHA Concern List
January 29, 2025Two substances used in the production of lubricants and greases were added to the European Chemicals Agency’s candidate list of substances of very high concern.
STLE Co-hosts Sustainability Course
January 29, 2025The Society of Tribologists and Lubrication Engineers and sustainability consultants Carbon Minds have developed a four-part course on life cycle assessments and product carbon footprints – two essential topics for the industry as sustainability become an ever-greater facet of daily business.
From the Previous Edition
January 29, 2025Ingevity Mulls Selling Lube Line
IOCL Starts Chennai Lube Complex
Briefly Noted
January 29, 2025American performance lubricant and esters company Nyco kicked off operations at its greenfield manufacturing plant in the Shenandoah Industrial Park at Newnan, Georgia. Startup testing and trials are in January with production commissioning planned for April 2025. North American customers will benefit from a shorter supply chain and enhanced services to leading users.
Hyundai Oilbank Shell Base Oil cut operational rates at its Daesan, South Korea Group II base oils unit by around 70% of capacity since mid January. Earlier in the month, run rates had gone up by 90%. The reason for the cut could not be determined. The unit has a production capacity of 1 million metric tons per year.
Vertex Energy completed Chapter 11 financial restructuring and is now a privately held entity. The waste oil recycling company has had a rocky road recently but now has a capital structure that includes U.S.$100 million in exit financing and the elimination of $320 million in debt.