Volume 4 Issue 52

Baytown Scaled Back After Fire

ExxonMobil’s Baytown, Texas, refinery – site of the second-largest base oil plant in the United States – is operating at reduced rates following a fire on Dec. 23. The company declined to say specifically if the base oil plant was affected by the incident or to discuss when the facility might return to normal operations.

Investment Firms Swap RelaDyne

Private equity firm American Industrial Partners announced last week that it has acquired RelaDyne, one of the leaders of the consolidation trend in North America’s lubricant distribution market. RelaDyne’s reach extends across the United States, particularly in the Mid-Atlantic region, in states bordering the U.S. Gulf Coast, in Rocky Mountain states and Northern California.

Swedish Firm Buys Lube Seals Maker

Swedish company VBG Group acquired all shares of U.S.-based Carlyle Johnson Machine Co. for $16.5 million. Carlyle Johnson designs and manufactures components for motion control used in industrial applications, including lubrication seals. VBG acquired the shares through subsidiary Ringfeder Power Transmission and said the deal will strengthen its industrial business.

From Other Editions of Lube Report

Russia Lube, Base Oil Imports Up in 2021

Croda Selling Unit to Cargill

CNOOC Taizhou Introduces Group III

Briefly Noted

Perstorp Oxo AB will increase prices effective Jan. 1, 2022, in the United States for 2-ethylhexanoic acid by 10 cents per pound and for n-butyric acids by 11 cents/lb, citing the impacts of supply and demand as well as increasing raw material prices. 2-EHA is a chemical intermediate used as a compound in the production of synthetic lubricants as well as oil additives, and n-butyric acid is also used in production of lubricants.