Volume 5 Issue 40
Kline: Latin America Demand on Upswing
October 5, 2022Finished lubricant demand in Latin America and the Caribbean rebounded in 2021 to pre-pandemic levels – reaching 3.9 million tons, boosted by the region’s recovery in sectors such as manufacturing and tourism, and is projected to grow steadily out to 2031, consultancy Kline & Co. predicts.
Mitsubishi Chemical Delays Geismar Plant
October 5, 2022Mitsubishi Chemical Group said Wednesday that it will postpone for up to 18 months a final investment decision on a methyl methacrylate plant that is plans to build in Geismar, Louisiana. The company attributed the delay to “current market volatilities.”
Lubes'n'Greases October Issue Available
October 5, 2022The October issue features a special report on additives. Discover how new policy in Europe may contribute to major disruptions for chemical manufacturers as well as how a new antioxidant may be able to boost lubricant performance. Plus, learn about how new developments in EV charging may speed up charging times, the benefits of double separation technology and more.
U.S. Base Oils Output Dipped in July
October 5, 2022The United States’ base oil production slipped 9% to in July, while production for the first seven months of the year was up 1%, compared to the same period last year, a U.S. government agency reported on Sept. 30. Total base oil production in the U.S. declined to 5.1 million barrels in July, compared to 5.6 million barrels. It marked the third straight month that production topped 5 million barrels.
From Other Editions of Lube Report
October 5, 2022SI Adds Antioxidant Capacity in India
Briefly Noted
October 5, 2022Ergon Inc. named Kris Patrick president and CEO effective Oct. 1. Emmitte J. Haddox, who served as president and CEO since 2016, retired and will continue to serve as a member of the Flowood, Mississippi-based company’s board of directors.