Volume 4 Issue 32

Biden Sets Ambitious EV Goals for U.S.

The outlook in the United States for electric vehicles – and the implications for automotive lubricant suppliers – has changed significantly with the election of a president more motivated to help combat climate change.

Calumet Reports Steep Earnings Loss

For the quarter ending June 30, Calumet Specialty Products Partners L.P. saw a steep net loss but with increased sales, Valvoline posted increases in sales and operating income, and Clean Harbors’ Safety-Kleen segment reported increased revenues and waste oil collection volumes.

Brazil’s Base Oil Production Remains Strong

Brazil’s base oil production grew 68% in June and 26% in the first half of this year, compared to the same periods in 2020, and the volumes reached near those of the same periods in 2019, suggesting production recovery to near pre-pandemic levels.

From Other Editions of Lube Report

France Lube Sales Jumped in May

Import Restriction Removed in Nigeria

Prescribing Oils for Indonesia’s B30

Briefly Noted

Canadian agribusiness Richardson International Ltd. of Winnipeg, Manitoba, yesterday announced the purchase of Canadian company Control Chemical Corp., a manufacturer of environmentally safe drilling fluids and proprietary vegetable oil-based lubricants, for an undisclosed amount. Richardson was a minority shareholder in the Calgary, Alberta-based company and supplied raw ingredients – including crude canola oil – for its products for more than 30 years.