Volume 3 Issue 32
U.S. Base Oil Output Tumbles in May
August 5, 2020Base oil production in the United States regressed in May, falling to its lowest seasonally adjusted level since the start of the COVID-19 pandemic.
Bio-lubes Forecast to Outpace Overall Market
August 5, 2020Despite setbacks from the pandemic, demand for bio-lubricants should continue to grow faster than the overall global lubricants market, an analyst said during a July 30 webinar. North America remains the top consumer of bio-lubes by volume.
Q2 Profits Down for Afton, Valvoline
August 5, 2020Afton Chemical recorded lower operating profit and sales for its second quarter, and Valvoline reported decreases in operating income and sales for its fiscal quarter ending June 30, as both companies weathered the impacts of COVID-19.
Briefly Noted
August 5, 2020MFG Chemical moved its corporate headquarters from Dalton, Georgia, to nearby Chattanooga, Tennessee to have more work space. The company’s three production facilities in Dalton make surfactants, esters and derivative amines, all of which can be used to add lubricity and extend product life in lubricants. NRG Enterprises now distributes Texas-based Rock “N” Roll Lubrication‘s bicycle chain lubricants in Canada.