Volume 4 Issue 14

Base Oils Recover to Pre-pandemic Levels

For the second consecutive month, base oil production in the United States was slightly higher in January than the running five-year average for that month, according to the information from the U.S. Energy Information Agency. The data suggest that supply in the market had recovered from the impacts of the COVID-19 – at least until severe winter weather caused power outages that disrupted refinery operations in Texas.

Hydrodec Joint Venture May Change

Transformer oil rerefiner Hydrodec said a proposed joint venture with a U.S. recycler of electrical transformers and other utility equipment remained in discussion, with possible changes after the potential JV partner instead expressed an interest in acquiring Hydrodec’s North American operations outright.

Domestic Base Oils Rebound in Brazil

Brazil’s base oil production in February matched output from the same month of 2020 after lagging behind for most of the past year. Meanwhile the country’s base oil import volumes skyrocketed 200% higher than in the same month in 2020, according to recently updated government data.

From Other Editions of Lube Report

Base Oil Reactor Sails on Long Voyage

Slow Start for France’s Lube Sales

Lopal Exports Lubricants to Pakistan

Briefly Noted

Shell Lubricants and CSW Industrials Inc., parent company of Whitmore Manufacturing LLC, announced on April 1 the successful formation of their previously announced 50-50 joint venture, Shell & Whitmore Reliability Solutions LLC. The JV between Shell’s United States lubricants business and Whitmore will provide proprietary lubricants, greases, coolants and reliability products to companies engaged in North America Class I, II and III rail – excluding  municipal transit systems – and U.S. mining, excluding quarries. DuPont increased prices by up to 10% on brake fluids and compressor lubricants globally, effective for shipments made on or after April 1 or as soon as contracts allow.