Volume 2 Issue 23
The U.S. market is coping better with the mayhem caused by falling feedstock and commodity prices than other areas such as Europe and Asia. Asia in particular has experienced a very slow week, but this may also be partly due to holidays in the region.-by Adrian Brown
A new ASTM International guide developed to help the marine industry determine whether a lubricant is environmentally acceptable will begin the first round of balloting next month, according to industry officials.
Calumet Specialty Products Partners L.P. sold its year-old investment in Biosynthetic Technologies in March, according to Calumets first quarter earnings report. Biosynthetic Technologies is a startup that converts plant oils into synthetic base stocks using proprietary technology.
Seventy-two percent of vessels are projected to use very-low-sulfur fuel oil after the International Maritime Organizations IMO 2020 regulation goes into effect next year, a marine lubricant supplier said recently, and the shipping industrys shortage of experience using such fuels increases the level of uncertainty about implications for marine lubricants.