Volume 5 Issue 40
Finished 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 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.”
The 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.
The 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.