Volume 5 Issue 19
A Kentucky town is still dealing with the fallout over a spill of “forever chemicals” three years after it was first self-reported by Shamrock Technologies. Despite no regulations surrounding the chemicals, the company and state are committing to extensive testing and clean-up of the spill. The case illustrates the growing scrutiny of these chemicals as governments in the United States and Europe work to better understand and eventually regulate them.
Increased expenses caused Valvoline Inc.’s operating income to dip despite a 26% jump in sales revenues for the three months ended March 31, but net income still rose thanks to a reduction in financing costs. Meanwhile HF Sinclair reported increased income from operations for its lubricants specialties segment, profits fell at Quaker Chemical, and Calumet Specialty Products Partners increased sales of base oils and its branded lubricants segment.
Brazil’s base oil output – mostly API Group I oils – declined 6% to 44,000 metric tons in March, while base oil imports remained well below the pace set in the early months of last year, according to data released by the National Agency of Petroleum, Natural Gas and Biofuels.