Volume 1 Issue 49

Antioxidants Enjoy U.S. Growth

Demand for lubricant antioxidants in the United States is expected to grow 1.5 percent per year to 194.9 million pounds by 2022, according to a study recently published by The Freedonia Group. Last year domestic demand for antioxidants in lubricant applications was roughly 180 million pounds.

Venezuela Progresses on Settlement to Retain Citgo

Venezuela completed an initial payment to defunct Canadian gold miner Crystallex International last week as part of a $1.2 billion amended settlement reached in September. That followed a United States district courts approval in August of Crystallexs request to seize control of shares from a U.S. subsidiary of Petroleos de Venezuela, S.A. that owns Citgo.

Colorado Adopts Low-Emissions Vehicle Standards

Colorado adopted Californias low-emissions vehicle standards last week, becoming the latest state to pass measures to reduce greenhouse gases and avoid federal roll backs.

From Other Editions of Lube Report

SSY Base Oil Shipping Report

Adrian Brown is away. His column will reappear in the Dec. 5 edition of Lube Report Americas.

Adrian Brown is a senior market analyst for chemicals and base oils with SSY Shipbrokers, London, can be reached atfix@ssychems.comor +44 12 0750 7507. Information about SSY can be found atwww.ssyonline.com. In the Houston office,Steve Rosenthalof SSY’s Chemical Tanker Department can be reached directly at +1 (713) 652-2700 and Jordi Maymi in Singapore can be reached at +65 6854-7127.

Briefly Noted

Ametek Inc.acquired fluid analysis instrumentation and software company Spectro Scientific, whichoffers blended lubricant testing and analysis. Valvoline Inc.elected Carol H. Kruse to its board of directors effective Dec. 4. The U.S. Bankruptcy Court for the Southern District of New York granted Aegean Marine Petroleum Network Inc.access to capital to pay its suppliers, vendors, employees and others. The company filed for Chapter 11 bankruptcy on Nov. 6.