Plans for a rerefinery in Tampa, Florida were on the books for so long, the industry could be forgiven for considering the plan a mirage. However, Puraglobe announced this week it will make the project a reality, building a plant that will produce API Group III base oils, starting by the end of 2024.

Aimed at being the leading producer of industrial naphthenic lubricants and petroleum asphalt cement in Brazil, Grepar Participações Ltda seeks to support road paving and other business in the country through ecologically viable solutions that are sustainable.

The November issue delves into South America’s base oils and finished lubricants markets. Learn about the privatization of Brazil’s base oil production and the evolution of motorcycle oils in the region. Plus, discover how waste oil rerefining is gaining momentum as well as how base stock selection can influence greater lubricant sustainability.

HF Sinclair’s lubricants and specialty product segment reported a $5 million loss from operations in the third quarter and Quaker Chemical’s net income declined 17%, while profits for Perimeter Solution’s specialty products segment – formerly known as oil additives – skyrocketed more than 500% in the third quarter.