Volume 6 Issue 26

Grease Ouput Up in North America, Globally

North America’s lubricating grease production jumped up 16% in 2022, signaling a further rebounding from the impacts of the COVID-19 pandemic, according to the National Lubricating Grease Institute’s latest annual survey released last week. Worldwide production rose about 2% based on information from companies participating every year from 2019 to 2022.

Sales Jump at Oil Change Centers

Sales at United States oil change and lubrication shops rose 11% last year to $7 billion, a joint report by the Auto Care Association and MEMA Aftermarket Suppliers association found. It marked a second straight year of double-digit percentage increase in sales, following a pandemic-related decline in 2020 to $5.7 billion.

Hydrodec Offers Credits to Used Oil Suppliers

Used electrical transformer oil rerefiner Hydrodec has developed a new revenue stream, selling carbon credits to businesses such as energy companies that supply used oil for Hydrodec to use as feedstock. The company, which is based in Canton, Ohio, announced last week that another business, FirstEnergy Corp., had joined its program.

From Other Editions of Lube Report

Motul, Valvoline Top Poland Motor Oil Survey

South Korea Base Oil Exports Dropped in May

VLS Gets Action on Non-compliant Gear Oils

Briefly Noted

RelaDyne acquired Michigan Petroleum Technologies, a petroleum distributor focused on the industrial manufacturing lubricant market that also meets fuel and lubrication requirements for construction and fleet purposes.  Idemitsu Lubricants Americas yesterday announced it moved its sales office in Michigan from Southfield to the Summit Pointe Office Center in Novi. The company has had a sales office in Southfield since 1993.