Volume 1 Issue 15
The markets in the United States and Europe have not shaken off the lethargy of the Easter holidays, while markets in Asia have been reporting lower levels of demand for several weeks already. -by Adrian Brown
The last engine test for ILSAC GF-6 failed this month to gain acceptance into the passenger car engine oil classification, a critique that the proposed method does not adequately gauge the ability of oils to prevent engine wear.
Calumet Specialty Products Partners, L.P. said on Monday that it acquired Biosynthetic Technologies, a startup that converts sustainable plant oils into synthetic base stocks using proprietary technology.
Petrobras blending plant in Duque de Caxias, Brazil, will be one of the worlds five largest when an expansion there is completed in 2020, the company said last week. Brazils largest lube supplier intends to use that capacity to boost sales both at home and abroad.
WD-40 reported net income of $14.8 million for the quarter ending Feb. 28, up 19.4 percent from the year-earlier period, with net sales up 5 percent at $101.3 million.