Volume 4 Issue 34
BR Distribuidora S.A., the largest lubricants distributor in Brazil, is rebranding to become Vibra Energia, the company announced last week. Vibra was formerly the fuels and lubricants distribution arm of Brazil’s state-owned Petrobras, but began its privatization process in 2019 and became 100% independent in June 2021.
Indorama Ventures Public Co., a global chemicals producer based in Thailand, agreed to acquire Brazil-based Oxiteno S.A. Industria e Comercio for $1.3 billion, with a deferred $150 million payment in 2024. Oxiteno’s key products include surfactants; it also produces fatty acids, fatty alcohols, ethanolamines and brake fluids.
Lubricant additive sales volumes in the United States were up slightly in July, compared to June, and much higher than in the same month of 2020, according to statistics released last week by the American Chemistry Council. The trade association says 2021 could be a strong year for specialty chemical sales if the economic recovery continues.