Volume 3 Issue 4
As the trade war between Washington and Beijing continues, the United States paraffin-based wax industry is feeling pressure as sales dip and alternative waxes gain a larger share of the market. Wax sellers and buyers worry that if the duties continue, they will burn the industry.
Brazilian state-run oil company Petrobras is seeking to add API Group II base oil production in the country through new installations at its Comperj petrochemical complex in the city of Itaborai, located in the state of Rio de Janeiro.
Calumet Specialty Products Partners will undertake a slew of initiatives to lift its lubricating oils and finished lubricants business as part of an overall strategy to bolster the companys profitability this year, it announced on Tuesday.