Briefly Noted

Share

American performance lubricant and esters company Nyco kicked off operations at its greenfield manufacturing plant in the Shenandoah Industrial Park at Newnan, Georgia. Startup testing and trials are in January with production commissioning planned for April 2025. North American customers will benefit from a shorter supply chain and enhanced services to leading users.

Hyundai Oilbank Shell Base Oil cut operational rates at its Daesan, South Korea Group II base oils unit by around 70% of capacity since mid January. Earlier in the month, run rates had gone up by 90%. The reason for the cut could not be determined. The unit has a production capacity of 1 million metric tons per year.

Vertex Energy completed Chapter 11 financial restructuring and is now a privately held entity. The waste oil recycling company has had a rocky road recently but now has a capital structure that includes U.S.$100 million in exit financing and the elimination of $320 million in debt.

Related Topics

No Index