Volume 5 Issue 33
Base oil production in the United States decreased 1% in May, while output through the first five months of the year was up 5%, both compared to the corresponding periods of last year. Refiners in the country made 5.5 million barrels of base oil in May according to the latest government data, as amounts dipped for both paraffinic and naphthenic varieties.
Brazil’s base oil production, which is mainly API Group I fluids, dropped by 37% in June, while base oil imports jumped nearly 60%, compared to the same month last year, according to data released by a government agency.
Like many others, the lubricants industry is facing growing demands to operate in ways defined as sustainable. A special report from the August issue of Lubes’n’Greases discusses what sustainability means for lubricant suppliers, existing and looming policies that could affect the industry and ways that lubes businesses can become more sustainable.
Moove, the lubricants arm of Brazil-based Cosan, posted higher profits, revenue and sales volume for the three months ending June 30. The São Paulo-based company enjoyed a 64% jump in net income, from 86.9 million reals in the second quarter of 2021 to 142.1 million reals in the same period of 2022.