Volume 1 Issue 15
SSY Base Oil Shipping Report
April 10, 2018Adrian Brown is away. His column will reappear next week.
Evonik to Divest Methacrylate Business
April 10, 2018German specialty chemicals producer Evonik announced last month that it is considering the sale of its methacrylates business. The company advised, though, that the divestment will not affect its oil additives business, which supplies lubricant additives.
Vintage Cars Create Oil Niche
April 10, 2018Rising numbers of classic cars are creating a growing market for engine oils designed specifically for their lubrication needs. Oils for modern cars dont do the trick.
Study Findings Clear 2-EHA
April 10, 2018Studies by Spain on 2-ethylhexanoic acid - a carboxylic acid used to make synthetic esters - found no adverse effects concerning reproduction at the highest dose tested, which means the chemical is no longer under consideration for additional classification by the European Chemicals Agency.
From Other Editions of Lube Report
April 10, 2018Briefly Noted
April 10, 2018Transformer oil rerefiner Hydrodec Group Plcs CEO Chris Ellis resigned effective April 4 due to an illness in the family. Lord Moynihan, the companys chairman, will act as interim CEO while the board seeks a permanent replacement. Israel Chemicals Ltd. sold its fire safety and oil additives businesses to SK Capital, a New York City-based private investment firm, for U.S. $1 billion late last month. The businesses will be headquartered in St. Louis, Missouri, and be renamed Perimeter Solutions. Dubai-based Al Naboodah Group Enterprises entered into a partnership with Gulf Oil Middle East, allowing it to sell Gulf Oils automotive and industrial lubes in the U.A.E. Monument Chemical, a Heritage Group and Grube family joint venture, is now the exclusive distributor for Calumet Specialty Products Partners Penreco branded product lines of white oils and petrolatums in the European Union.
Clarification
April 10, 2018The forecasted earnings growth reported in the April 3 article, Shell Projects Strong Lube Earnings, is for the companys global commercial business – most, but not all of which is accounted for by lubricants. All of Shells lubricants sales are under that business, along with its aviation business, bitumen and other specialty products.