Home January 15, 2020

January 15, 2020

Volume 3 Issue 3

Mexican Standard Promotes Fair Practices

A new engine oil standard that takes effect in Mexico in mid-2020 should help promote fair competition in the country's lubricants industry, an industry insider said.

Petrobras Mulls Additional Lube Production

Brazilian state-run oil company Petrobras is developing a plan to increase lubricant production at its Comperj refinery in the state of Rio de Janeiro, a spokesperson told Lube Report.

Vertellus Acquires Additives Producer Bercen

Specialty chemicals manufacturer Vertellus acquired Denham Springs, Louisiana-based Bercen Chemicals, a lubricant additives and alkyl succinic anhydrides manufacturer, the company announced last month.

WD-40 Income, Sales Down

WD-40 Co. reported net income of $12.2 million for the quarter ending Nov. 30, down 8.3 percent from $13.3 million in the same period a year earlier.

Briefly Noted

Vertex Energy Inc. completed a pilot test program in December required to proceed with phase two of its planned joint venture partnership with San Francisco-based investment firm Tensile Capital. The companies announced last July a JV to accelerate full development of Vertexs Heartland base oil rerefinery in Ohio, subject to a successful pilot test designed to validate a process by which used motor oil is converted into high purity base oil.

Correction

Early editions of the Jan. 8 article, ExxonMobil Expands Lubes Plant, incorrectly identified the facility undergoing expansion as an aviation lubricants plant that opened in 2016. A company spokesperson clarified that the ongoing expansion is taking place at a different facility, the Port Allen Lube Plant, which opened in 1990.

Base Oil Reports

purple world americas

U.S. Base Oil Price Report

After almost eight months of unchanged postings, Motiva stepped out with an increase for its API Group II and III posted prices this week, followed closely by Chevron, Excel Paralubes and Calumet.-by Gabriela Wheeler
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