Volume 3 Issue 20

Pandemic Hits Rerefiners from Both Sides

Rerefiners in North America are feeling the impacts of the Covid-19 pandemic in the form of reduced demand for their base oil and finished lubes, along with less feedstock. This is due to a dramatic decrease in the number of miles driven, with most people teleworking and traveling less for work, recreation and tourism.

U.S. Lifts Sanctions on Nynas

Nynas AB announced Tuesday that Petroleos de Venezuela S.A. sold a 35 percent stake in the company and that the United States lifted sanctions against Nynas as a result of the divestment.

Safety-Kleen Adds Northeastern U.S. Rerefinery

Clean Harbors acquired a small API Group II+ rerefinery in New Hampshire last month, providing its Safety-Kleen subsidiary with a foothold in the Northeastern United States.

Results Decline at Calumet, Valvoline, Quaker

Calumet Specialty Products Partners L.P. reported a net loss, Valvoline posted a slight decrease in operating income, HollyFrontier’s lubricants and specialty products segment reported higher income from operations and Quaker Chemical posted a net loss, for the quarter ending March 31.

From Other Editions of Lube Report

Spain’s Lube Demand Slightly Down

GP, Gulf Blending Plants Back Online

Palm Oil Producers Reopen in Sabah