Volume 6 Issue 49

Novvi Bankruptcy Case Aimed at Restructuring

Chemical company Novvi LLC filed what it described as a voluntary bankruptcy petition Sunday, stating that it intends to repay all outstanding external creditors and to better position its business for growth.

U.S. Base Oil Production Dips

U.S. base oil production decreased 4% in September, although naphthenic base oil production experienced a 16% jump in volume, according to U.S. government agency data released Nov. 30.

Brazil Base Oil Output Fell Steeply in October

Brazil’s base oil production tumbled down by 56% to its lowest point this year, while its lubricants import volume was up 18% in October, reaching its highest total since March 2021.

From Other Editions of Lube Report

Rising Costs, Potential Regs Loom Over Lithium

Sintec Expands Grease Plant

Arteco Builds Coolants Factory in China

Briefly Noted

Canada’s light vehicle sales reached almost 140,000 units in November, a more than 20% increase from the same month last year, DesRosiers Automotive Consultants reported.