Volume 5 Issue 20
Evans: STLE Helps Industry Meet Challenges
May 18, 2022The new president of the Society of Tribologists and Lubrication Engineers said such professional organizations can play meaningful roles in helping industry solve the many challenges confronting the field today. In an interview with Lube Report, Ryan Evans said it will take thorough work to address such issues as electric vehicles, sustainability and artificial intelligence, even when the needs are urgent.
Custom Content in association with STARFIRE
STARFIRE: Building Trust Through Reliability
May 18, 2022Exceptional customer service and a comprehensive line of quality products has seen STARFIRE become the go-to brand for all your lubricants needs. It’s this winning combination that has helped Ohio-based Coolants Plus achieve sustained growth in recent years and really stand out in an increasingly competitive marketplace.
Oleon Builds Factory in Houston
May 18, 2022Oleochemical producer Oleon started construction of a new esters plant in Baytown, Texas, a $50 million investment, the Belgium-based company announced on Monday. Its natural esters are used in lubricants, including in environmentally acceptable lubricants. The production facility is scheduled to go into service at the end of 2023.
Moove Posts Higher Profits
May 18, 2022Moove, Brazil-based Cosan’s lubricants arm, reported higher profits and revenue despite lower sales volume in the first quarter. The São Paulo-based company reported consolidated net income of 101.9 million reals (U.S. $20.7 million), a 119% jump from 46.5 million reals in the same period last year, while revenue jumped 21% to 1.7 billion reals.
From Other Editions of Lube Report
May 18, 2022Shell Sells Russia Business to Lukoil
Briefly Noted
May 18, 2022North Charleston, South Carolina-based Ingevity announced on Monday a general price increase effective July 1 – varying by market and region – for its pine chemical-based products, including tall oil fatty acid and distilled tall oil, which it supplies to the lubricant and metalworking fluid markets. The company cited continued supply and demand imbalance, which is expected to be exacerbated by the upcoming closure of a U.S. paper mill previously supplying feedstock to Ingevity, along with competitive pressures on feedstock related to the impact of biofuel regulations.