Volume 4 Issue 10
DuPont said last week that it is investing $40 million to construct specialty lubricant manufacturing units at existing factories in South Carolina and Japan. The company said they will make lubes marketed under the Molykote brand name.
Calumet Specialty Products Partners L.P. reported a fourth quarter net loss of $82.6 million, worse than a $38.6 million loss for the same period of 2019. For the full year, the company posted a $149 million net loss, declining from a $43.6 million net loss in 2019 – results that it attributed to a variety of impacts from the COVID-19 pandemic.
Brazil’s base oil production declined almost 20% in January, while its base oil import volumes surged to more than 130% higher than in the same month in 2020, according to recently updated government data. The data shows a continuation of trends from last year during the COVID-19 pandemic.