Volume 2 Issue 33

SSY Base Oil Shipping Report

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

Huntsman Sells Surfactants Business

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.

Deal Reached in Tractor Fluid Suit

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.

Vertex-Tensile JV Boosts Rerefining Plans

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.

Earnings Improve at Cosan, Calumet

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.

From Other Editions of Lube Report

Briefly Noted

Westlake, Ohio-based Sea-Land Chemical Co., a lubricant additives distributor, named Ryan Keating chief financial officer, effective immediately. Savant Group, comprised of four individual companies working in the lubricants industry, unveiled plans to construct a new global headquarters in Midland, Michigan.