Volume 4 Issue 21
Valvoline Inc. announced last week that it plans to restructure its business model, shifting to a more service-driven strategy that it believes will allow for accelerated growth. The company will consolidate its current three-segment model into two segments – Retail Services and Global Products – at the beginning of its third fiscal quarter of 2021.
Lockhart Chemical Co. announced last week that it acquired chlorinated paraffin manufacturing rights and related assets in a transaction with North Carolina-based Qualice LLC. Terms were not disclosed. The United States Environmental Protection Agency has in recent years signaled intent to clamp down on the use of some varieties of chlorinated paraffins out of health concerns, though those plans moderated in some ways during the administration of former President Donald Trump.
Curacao’s Refineria di Korsou reached an agreement intended to lead to a consortium of local organizations taking over management of the Isla Refinery, potentially ending a years-long saga to find a new operator.
Lubricant, base stock and additive companies are doing a good job of communicating their sustainability efforts to employees, according to a new survey by Lubes'n'Greases.