Volume 6 Issue 25

U.S. Focusing on Battery Materials Processing

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.

Court Approves Sale of Lubnor Refinery

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.

Lubes’n’Greases June Issue Available

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 Sales Continue Rising

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.

From Other Editions of Lube Report

France Market Continues Downward Trend

Petronas to Acquire, Upgrade Maleic Plant

Haldia Base Oil Expansion Due by December

Briefly Noted

Retail sales of motorcycles in Brazil rose 21% to 161,505 in May, a 21% increase from sales in the same month last year, according to the Brazilian Association of Motorcycle, Moped, Scooter, Bicycle and Similar Manufacturers. The association, known as Abraciclo, noted it was the best result for the month since 171,681 in May 2011.