Volume 2 Issue 14

SSY Base Oil Shipping Report

The United States market is on stand-by mode during the American Fuel and Petrochemical Manufacturers International Petrochemical Conference in San Antonio, Texas. In Europe, there have been many more freight inquiries, and Asia too saw a small upwards shift in demand.-by Adrian Brown

EU Votes For Emission Standards

The European Parliament voted Wednesday to adopt stricter carbon dioxide emission standards for new cars and vans in the European Union after 2020 in an effort to put the EU on track to become climate neutral.

Aramco Agrees to Buy Control of Sabic

Saudi Aramco reached an agreement last week to buy a 70 percent stake in Sabic, one of the worlds largest chemical companies.

STR Tecoil Buys Collection Business

Finnish rerefiner STR Tecoil recently acquired the used oil collection business from Fortum, a Finnish company in the renewable energy sector. The terms of the deal were not disclosed.

From Other Editions of Lube Report

Briefly Noted

Totals subsidiary in Morocco reported that its lubricant sales increased 4 percent last year thanks to innovations in the companys products and services offering. Cholet, France-based lubricants manufacturer Kennol was named the official supplier of the Legends Cars European Cup Series Nations for the next three years.