Volume 5 Issue 32
Despite Wish List, Industry Avoids SP PlusAugust 10, 2022
Automakers have expressed interest to address additional issues in the latest passenger car motor oil specifications for North America before adoption of the next spec, which may not happen until late this decade. The wish list includes a test to ensure that oils prevent low-speed pre-ignition over the life of a drain interval and addition of two extra light viscosity grades.
Metalworking Lubricants Co. Pays FineAugust 10, 2022
The U.S. Environmental Protection Agency and an Indiana state government agency have reached a settlement with Metalworking Lubricants Co. for alleged violations of the Clean Air Act at a facility in Indianapolis, according to an EPA press release. The settlement will see the company pay a total of $310,000 in fines.
Earnings Up at Valvoline, HF Sinclair, AftonAugust 10, 2022
Valvoline Inc. reported higher net income and operating income for the quarter ending June 30, in spite of a 28% increase in cost of sales. Meanwhile, income surged for HF Sinclair's lubricants and specialty products segment, and operating profit improved for Afton Chemical's petroleum additives business. Calumet reported an uptick in base oil and process sales revenue, Clean Harbors' Safety-Kleen Sustainability Solutions segment reported higher revenues, and Quaker Chemical's net income fell.
From Other Editions of Lube ReportAugust 10, 2022
Lotos Lube Sales Rose, Base Oils Fell
Briefly NotedAugust 10, 2022
Sales in the United States of new light vehicles are expected to fall 13% to 1.1 million in July and decline 2% sequentially from June, according to Cox Automotive.