Volume 5 Issue 19
Teflon Recycler Copes with PFAS SpillMay 11, 2022
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.
Income Up at Valvoline, HF SinclairMay 11, 2022
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 Base Oils Dipped in MarchMay 11, 2022
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.
From Other Editions of Lube ReportMay 11, 2022
EU to Embargo Russian Oil, Petrochemicals
Shell in Talks to Sell Torzhok Plant
Briefly NotedMay 11, 2022
April sales of new vehicles in the United States are expected to come in near 1.2 million, a 20% drop from the same month last year, according to Cox Automotive. The company noted that limited supplies of cars and trucks on dealer lots across the country due to continued supply chain issues continue to hamper sales of new vehicles.