Volume 4 Issue 10
DuPont to Build Lubes Facilities
March 10, 2021DuPont 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 Loss Increased in 2020
March 10, 2021Calumet 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 Base Oil Output Still Down
March 10, 2021Brazil’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.
From Other Editions of Lube Report
March 10, 2021Gazprom Upgrades Moscow Lubes Plant
Briefly Noted
March 10, 2021Greenbriar Equity Group of Rye, New York, acquired quick lube operator Oil Changers from Trivest Partners LP for an undisclosed amount. Founded in 1984, Oil Changers has 56 locations in California and Hawaii. Kingsport, Tennessee-based Eastman Chemical is increasing list and off list prices April 1 on three types of neopentyl glycol – molten, 90 and glycol platelets – by 27 cents per pound or 60 cents per kilogram in North America and Latin America. NPG is used as a building block in the production of synthetic lubricants.