Volume 2 Issue 33
U.S. markets are still reasonably active for the time of year. European coastal markets have picked up after a slow start to the month, and August space has tightened out in Asia too.-by Adrian Brown
Indorama Ventures acquired Huntsman Corp.s chemical intermediates and surfactants businesses for $2 billion, the companies announced last week. A number of products included in the acquisition can be used to make lubricants and metalworking fluid additives.
A preliminary settlement has been reached in a second class action lawsuit in Missouri accusing a lubricant company and a store chain of fraud for the supply of 303 tractor hydraulic fluid.
Tensile Capital Management LLC formed a joint venture with Vertex Energy Inc., agreeing to inject capital that will accelerate development of Vertexs Columbus, Ohio, rerefinery and help fund a pilot program at an idled site in Belle Chase, Louisiana.
Calumet Specialty Products Partners LP reported a smaller net loss and decreased sales for the second quarter, while Cosans Moove lubricants segment enjoyed higher revenues and increased sales volume.