Volume 6 Issue 25
The supply chain for electric vehicles is becoming more central to the United States’ automotive sector, making it crucial for the country to access to key raw materials – which includes lithium – and the ability to process them, U.S. Transportation Secretary Pete Buttigieg told Bloomberg in an interview Monday.
A competition court in Brazil today approved Grepar Participacoes’ acquisition of the Lubnor refinery from Petrobras – a decision intended as the final step before the delayed closing of the transaction. The federal Administrative Council for Economic Defense added a few conditions aimed at ensuring the purchase does not harm competition in the country’s asphalt industry and instructed that the companies complete the deal within a month.
The June issue explores the rich world of lubricant additives. Get a snapshot of global additive demand and trends, and learn about how sustainable additives can contribute to progress in the automotive lubricant space. Plus, discover how industrial lubricants and greases can help to solve costly tribological challenges in wind turbines.
Mr. Lube, a leading quick lube service business with locations across Canada, increased first quarter revenue by 20% and same-store sales by 18%, parent company Diversified Royalty Corp. reported. The improvement stemmed from expansion in the number of stores as well as increased sales at existing locations.