Home March 25, 2020

March 25, 2020

Volume 3 Issue 13

Flooding: Growing Obstacle to River Transport

Flooding remains a significant disruptor of barge traffic of base oil on U.S. rivers, and it could worsen in coming years without increased investment in infrastructure.

DuBois to Acquire Cimcool

Hillenbrand Inc. will sell its Cimcool metalworking fluids business to DuBois Chemicals Inc. for $224 million in cash, under an agreement announced last Friday.

Coronavirus Constricts Lithium Supplier Livent

Lithium supplier Livent Corp. suspended operations at its two Argentinian facilities this week in accordance with a national mandatory quarantine aimed at containing the spread of Covid-19. Meanwhile, the company suspended all capital expansion work, including a lithium hydroxide project in the United States and a lithium carbonate project in Argentina, according to an announcement Monday.

Briefly Noted

Hydrodec Group confirmed yesterday that following a legal “stay at home” order issued in the state of Ohio in response to the Covid-19 pandemic, the company’s transformer oil rerefinery in Canton continues to operate because it is currently considered covered by the exclusions defined by “essential” infrastructure under the order’s terms.

Base Oil Reports

purple world americas

U.S. Base Oil Price Report

The precipitous fall of crude oil prices over the last two weeks and devastating effects brought about by the coronavirus pandemic on everyday life, healthcare systems and the world's economy prompted hefty base oil posted price decreases this week.–by Gabriela Wheeler

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