Volume 9 Issue 41
Ingevity Stock Tumbles after CEO Walks
October 9, 2024Specialty chemicals company Ingevity saw the company’s value tumble after its CEO John Forston left the boardroom for the last time on Thursday, the biggest slump since March 2020.
Domestic Preferences Bring Challenges
October 9, 2024China’s leader Xi Jinping has prioritized supply chain self-reliance, leading Chinese manufacturers to prefer compatriots in the the metalworking fluid industry. While this push provides great opportunities for Chinese fluid suppliers, it also limits choice for metalworkers and sometimes presents technological challenges, said an industry veteran at an industry event in Wuxi. Annual demand in China for metalworking fluids is around 400,000 metric tons per year, an amount that is predicted...
Court Battle for Citgo Goes On
October 9, 2024Amber Energy Inc. made the successful bid for Citgo, the formerly Venezuelan refiner.
TPC Expands Di-isobutylene Output
October 9, 2024TPC announced its chemical plant in Houston has increased its capacity to make di-isobutylene, in response to growing demand from refrigerant lubricants.
Perstorp Gets Top Sustainability Rating
October 9, 2024Sustainability ratings agency EcoVadis put Perstorp among the top 1% of companies it assessed for sustainability.
From the Previous Edition
October 9, 2024Chinese MWFs Flow to Belt and Road
Oleon Acquires Brazilian Company
Alternative Fuels Said to Challenge Lubes
Briefly Noted
October 9, 2024BRB Lube Oil Additives & Chemicals, a subsidiary of Petronas Chemicals Group Berhad, has introduced a wholly new product in its Petrolad brand family called Petrolad 133LS for slip differentials. | Construction equipment company XCMG Machinery partnered with Shell to develop specialized maintenance oils. | Ships trials confirmed that CM Technologies’ new scuffing sensor can detect early onset cylinder wear, preventing significant damage to two-stroke marine diesel engines, costly repairs and downtime. | Specialty chemicals company Azelis expanded its partnership with SI Group, a manufacturer of performance additives, to give the company greater reach across Europe, the Middle East and Africa.