Volume 3 Issue 48
Nynas Emerging from Reorganization
December 1, 2020After final approval by a Swedish judge, Nynas AB is scheduled next month to officially exit from court-protected reorganization with much less debt, new owners and the ability to process feedstock other than the Venezuelan crude that exposed it to United States sanctions.
Shell Still Biggest Lube Supplier
December 1, 2020Royal Dutch Shell remained the world’s largest lubricant supplier in 2019, maintaining the top spot for the 14th consecutive year, according to estimates by Kline & Co.
Taneco Prepares to Add 6 CentiStoke Oil
December 1, 2020Russian oil major Tatneft’s Taneco refinery overhauled several units as part of a project aimed at enabling it to make 6 centistoke API Group III base oil, but it may not start to do so for more than a year.
From Other Editions of Lube Report
December 1, 2020Sinopec, University Partner on Research Center
Briefly Noted
December 1, 2020As part of Neste’s previously announced plans to restructure its refinery operations in Porvoo and Naantali, Finland, to ensure its oil products business’ competitiveness, and after concluding related co-operation negotiations, the company said it will develop its Porvoo refinery towards co-processing renewable and circular raw materials. The changes Neste is implementing will not have an impact on its Porvoo Group III base oil plant’s production, a company spokesperson told Lube Report.