Home July 17, 2019

July 17, 2019

Volume 2 Issue 29

Isla Refinery Inches Toward New Operator

Companies have submitted non-binding proposals to manage and operate the sparsely run Isla Refinery in Curacao beginning next year, the owner of the facility announced. A formal timeline for choosing a preferred operator is also set.

Hillenbrand to Buy Milacron for $2 Billion

Hillenbrand Inc. will acquire Milacron Holdings Corp. in a cash and stock transaction valued at $2 billion and expected to close in 2020s first quarter, the companies announced last Friday. Milacrons Fluid Technologies segment supplies metalworking and industrial fluids.

Lawsuits Waged Over Royal Manufacturing Sale

A court battle is being waged in Oklahoma over Axel Christiernssons acquisition last year of grease producer Royal Manufacturing.

Briefly Noted

Bradford, Pennsylvania-based American Refining Group Inc. appointed Sea Ready Marine Petroleum as its global distributor for marine lubricants.

Base Oil Reports

purple world americas

U.S. Base Oil Price Report

While a vast portion of the market appeared to have slipped into summer mode, a few suppliers reported a small jump in orders, likely from buyers securing product ahead of potential base oil price adjustments as crude oil values continued their climb.-by Gabriela Wheeler

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