Click here to discover how the global EV market is projected to grow in the coming years and how an uptick in EV manufacturing may affect metalworking fluid demand. Plus, delve into what today’s EVs are demanding of fluid performance.

Chinese metalworking fluids producers are following their automotive clients as they seek out new markets, especially those along China’s so-called Belt and Road Initiative, a major Chinese producer said at a recent industry conference.

Belgian oleo-chemicals company Oleon acquired a majority stake in A.Azevedo Óleos, a Brazilian oleo-chemical company based in Sao Paulo.

Vertex Energy Inc., a renewable fuels and environmental services company, filed for bankruptcy last week after its attempt to break into the renewable fuels business failed to yield the expected results. Despite Vertex reporting healthy gross profits over the previous two years, a supply glut and low market demand for renewable diesel have made the business unviable. In May, the company stopped production of renewable diesel. Vertex operates the Marrero rerefinery in Louisiana that produces low...

Infineum has split operations into two business units to develop products for new energy vehicles and enhance new business. The company hopes the split will boost operational efficiency and streamline decision making.