Volume 3 Issue 49
Petrobras Proceeds with Sales, Group II Project
December 2, 2020After delays caused by the coronavirus pandemic, Petrobras is moving forward again with plans to divest several oil refineries – including one that includes a base oil plant – and the company has also announced funding for a project that would develop its first API Group II plant.
S&P Global, IHS Markit Merge
December 2, 2020S&P Global and IHS Markit have agreed to merge in a deal that will unite two of the world’s biggest financial data services companies, one of which has a significant presence in the lubricants industry.
Oil Monitoring of Marine Lubes Still Key
December 2, 2020IMO 2020’s lower sulfur cap had a profound impact on the marine lubricant landscape, changing not only oil formulations but also some of the wear mechanisms in ship engines, according to an industry insider who said the developments make oil condition monitoring even more crucial.
From Other Editions of Lube Report
December 2, 2020Nynas Emerging from Reorganization
Briefly Noted
December 2, 2020OQ Chemicals announced price increases effective Dec. 1 on neopentyl glycol of 8 cents per pound in North America and Mexico and $180 per metric ton in South America, citing strong demand and increasing raw material costs. NPG is a polyalcohol used in manufacturing synthetic lubricants.