Volume 2 Issue 4

SSY Base Oil Shipping Report
January 23, 2019The European market fell away again quite quickly this week. The United States remains tight, and a few routes are attracting higher freight levels. Asia had another busy week in the run-up to the lunar holidays.-by Adrian Brown

Oxea Details Carboxylic Acid Expansion Plans
January 23, 2019Oxea released additional details yesterday about its previously discussed plan to increase production capacity of carboxylic acids, which are used for manufacturing lubricant esters. The German chemical maker said it will debottleneck and optimize production processes at existing facilities and then build another plant by 2021.

BASF Expands Antioxidants Capacity
January 23, 2019BASF increased lubricant antioxidant capacity at its Puebla, Mexico, site to keep up with growing demand for additives that lengthen the life of lubricants, the company announced last week. The new capacity of the facility was not disclosed, but the company did say production began last quarter.

Isla Refinery Halts Search Amid Probe
January 23, 2019Curacaos government suspended its impending selection of a new operator for its Isla Refinery until a probe into corruption allegations regarding the selection is resolved, according to media reports.

Brenntag Acquires Reeder Distributors
January 23, 2019Chemicals company Brenntag AG acquired the lubricants arm of Texas-based Reeder Distributors Inc., continuing to build its South Central United States distribution network through acquisitions.
From Other Editions of Lube Report
January 23, 2019Briefly Noted
January 23, 2019Glenn Alton Beck, founder of Beck Oil, Inc., died last week at the age of 88, according to his son Corey. Beck founded the Victorville, California-based commercial fuel and lubricant distribution company in 1967. Asheboro, North Carolina-based lube distributor Pugh-Apollo-Veterans-Halco acquired Jonesboro, Arkansas-based distributor Mid-South Sales last week.