Volume 5 Issue 4

Vertex Cancels Deal with Safety-Kleen

Vertex Energy on Tuesday backed out of its deal to sell its used motor oil collection and rerefining business to Safety-Kleen Systems, saying that the expense of regulatory review had become too large to bear. Vertex will owe $3 million to Safety-Kleen’s parent company for invoking a provision allowing either company to walk away from the deal if it was not completed by the end of March.

Search for Isla Operator Starts Over

Following another failed attempt to select an owner for the Isla Refinery in Willemstad, Curacao, the government agency that owns the refinery said it is again starting its search anew. Refineria di Korsou announced it has selected a number of potential operators – out of more than 20 that showed interest – for the currently idle facility.

ILMA Helps Members Cope with COVID

Lube Report speaks to Mike Damiani, president of the Independent Lubricant Manufacturers Association about goals for the Washington, D.C.-based trade group and challenges that members have faced during the COVID-19 pandemic.

From Other Editions of Lube Report

Production Data Mixed in Russia

Liqui Moly Posts Higher Net Sales

Korea Base Oils Finish Strong Year

Briefly Noted

Westlake, Ohio-based specialty additives distributor Sea-Land Chemical Co. added two inside sales representatives – Stephen Coburn, who will manage the East and Northeast territories, and Teresa Simonson, who will manage the Midwest and Western territories. Sea-Land distributes specialty additives for the lubricants industry and household, industrial and institutional cleaning markets.