Iconic – a joint venture owned by Chevron and Ipiranga – will distribute Chevron’s API Group II and III base oils in Brazil starting Sept. 1, under an agreement announced yesterday by Chevron Products Co., a division of Chevron U.S.A. Inc. Iconic created a new business structure dedicated to base oil commercialization, managed independently from their lubricants business.

Univar Solutions Inc. and Climax Molybdenum Co., announced on Aug. 17 a geographical expansion of their existing partnership for molybdenum products, including Molysulfide used in greases and coatings applications, with an exclusive distribution agreement into the Latin American market.