Volume 4 Issue 46

EVs Also Threaten Industrial Lubes

Although the transition to electric vehicles will gradually cut the automotive industry’s need for industrial lubricants, metal forming fluids used to make car bodies should remain in demand, with some boost from their use in manufacturing battery casings, a consultant told the Society of Tribologists and Lubrication Engineers recently.

11 OEMs Back Global Spec Initiative

Eleven automakers – the majority headquartered in Japan and South Korea – have joined the International Fluids Consortium, the fledgling organization established in 2020 to develop global lubricant specifications. The consortium plans a 2022 launch for its first two specs – both for conventional light-duty automotive engine oils – an official told a recent industry conference.

Moove Posts Higher Profits

Cosan’s Moove reported increases in profit and revenue and a decrease in sales volume for the quarter ending Sept. 30, compared to last year’s results from the same period. Moove, the lubricant production and distribution arm of Sao Paulo-based Cosan, posted net income of 82.7 million Brazilian reals, up 19% from R69.7 million the year prior.

From Other Editions of Lube Report

Group I Prices Diverge from Group II, III

Russian Lubes Slog Toward Recovery

India Palm Oil Imports Expected to Rise

Briefly Noted

Houston-based Kraton Corp. announced a general price increase of 15%-20% across its crude tall oil refinery products and derivatives, effective Jan. 1, 2022. Its distilled tall oils are used in production of metalworking fluids and oil field chemicals, as well as soaps, cleaners and alkyd resins. Dallas-headquartered HollyFrontier Corp. promoted Tim Go to president and chief operating officer, with oversight over its refining segment and its lubricants and specialty products segment. Mike Jennings, who previously served as CEO and president, will continue to serve CEO.