Volume 4 Issue 33
Curacao Talks Stall Once Again
August 18, 2021Stalled negotiations are once again threatening Refineria di Korsou’s years-long search to find a new operator for the Isla Refinery in Willemstad, Curacao, as a potential buyer has run into obstacles complicating its takeover of the facility.
Cosan, Vertex Earnings Rebound
August 18, 2021For the quarter ending June 30, Cosan’s Moove reported increases in profit, revenue and sales volume and Vertex Energy’s black oil segment – including its rerefineries and used oil collection business For the quarter ending June 30, Cosan’s Moove reported increases in profit, revenue and sales volume and Vertex Energy’s black oil segment – including its rerefineries and used oil collection business – posted improvements in gross profit, income from operations and revenues. posted i...
STLE Looks to Future
August 18, 2021Ken Hope, global polyalphaolefins technical services manager for Chevron Phillips Chemical, assumed the role of the Society of Tribologists and Lubrication Engineers’ 2021-2022 president for a one-year term on May 18. In an interview, he discussed how he became involved in the organization, his goals as STLE president and some key feedback from STLE members.
From Other Editions of Lube Report
August 18, 2021Motor Oil Prices Jump in Russia
Briefly Noted
August 18, 2021North Charleston, South Carolina-based Ingevity Corp. announced a general price increase effective Oct. 1 of 10% to 15% for all merchant rosin, rosin resins, distilled tall oil and tall oil fatty acid products associated with its industrial specialties portfolio. The increase is due to continued strong market demand as well as increasing raw materials and logistics costs. Darrin Ward was named CEO of lubricants, antifreeze and chemicals wholesale supplier Coolants Plus of Hamilton, Ohio, and Jackson, Tennessee-based distributor Panther Petroleum after serving as chief operating officer. Ward succeeded Kurt Deimer, the company’s founding CEO.