Volume 4 Issue 7
Base stock supply is likely to remain tight until demand for fuels picks up again, an industry insider told attendees of the ICIS World Base Oils & Lubricants Live virtual conference yesterday. As long as supply is short, it will likely exert upward pressure on prices.
Custom Content in association with STARFIRE
Putting the customer first has always been a priority for Ohio-based Coolants Plus, helping to position it as an affordable, efficient, and popular lubricants supplier.
Calumet Specialty Product Partners L.P. plans to retain its finished lubricants and chemicals business and moreover to focus future investment on those segments, the company said yesterday in an update on its progress and strategy. The statements were intended to quash press reports from last fall suggesting the company was seeking a buyer for its lubricants business, which officials described as high growth.
OQ Chemicals said Monday that it was declaring force majeure for the supply of chemicals produced at its Bay City, Texas, plant after closing the facility due to widespread disruptions caused by severe cold weather. Chemicals covered by the declaration include oxo alcohols used in the production of lubricants and other applications.
Cosan’s Moove lubricants arm reported higher profits, revenue and sales volumes for the fourth quarter and full year, finishing 2020 strong after a tough second quarter impacted by the early months of the COVID-19 pandemic.