Volume 4 Issue 11

Cosan Considers IPO for Moove

Following a restructuring of its business holdings, Brazilian conglomerate Cosan is reportedly considering an initial public stock offering for its Moove lubricants business.

Vertex Earnings Dipped in 2020, Q4

Vertex Energy’s black oil segment, which includes its rerefineries and used oil collection business, reported a drop in gross profit and a decline in revenues for the quarter ending Dec. 31, compared to the same quarter last year. For the full year, the segment also reported decreases in gross profit and revenues.

U.S. Keeps Adding Wind Turbines

The United States’ wind power capacity grew 16% in 2020 to 122,468 megawatts, according to a market report by a national trade association that represents the renewable energy industry in the U.S. Texas continues to have the most capacity, followed by Iowa and Okalahoma.

From Other Editions of Lube Report

Rosneft Boosts Packaged Lubes Sales

Fuchs Adds JV In Egypt

Japan Lubes Retreated in January

Briefly Noted

Eneos announced a partnership agreement in which Hanson Distributing Co., an Azusa, California-based independent automotive aftermarket warehouse distributor that serves auto parts stores and service dealers in southern and central California, joined Eneos’ North American automotive lubricants distribution network.