Volume 6 Issue 29

Investment Firm Buying Crystal Clean

Heritage-Crystal Clean, owner of North America’s second-largest rerefinery, announced today an agreement to be bought by private equity firm J.F. Lehman & Co. for $1.2 billion. Lehman officials suggested that the value of businesses that treat and recycle waste has risen during the sustainability movement.

Retail Sales of Lubes, Greases Jump 17%

Retail sales of greases and lubricants at select United States automotive retail chains rose 17%, and transmission fluid sales rose 11% for the 52-week period ended April 29, according to a market information company’s retail tracking service.

Lubes’n’Greases July Issue Available

The July issue features a Special Report on Electric Vehicles that explores how the grease industry is adapting to the electrification wave, why lubricant manufacturers are entering the emerging market of thermal management fluids, and how the fast-paced world of Formula E motorsport lubricants may be opening up doors for passenger EV fluids.

Floating Wind Turbines: Encouraged, Challenging

Although the United States government is aggressively encouraging future growth in floating offshore wind energy because of its vast potential, projects face several regulatory and technological challenges, speakers said during an online webinar about the topic.

From Other Editions of Lube Report

Belarus Additives Joint Venture Expands

Rerefinery Planned in Russia’s Tula Oblast

China Industry Wants Domestic Viscosity Modifiers

Briefly Noted

Brazil’s National Association of Motor Vehicle Manufacturers reported that sales of passenger cars in the South American country reached 998,600 units for the first half of this year, a 9% increase from the same period last year.