Volume 4 Issue 35
Huntsman Boosts Amines Capacity
August 31, 2021Huntsman Corp.’s Performance Products division will expand its manufacturing facility in Petfurdo, Hungary, to meet growing demand for polyurethane catalysts and specialty amines – including amines used in metalworking fluids – the company announced today. The multi-million U.S. dollar investment project is expected to be completed by mid-2023.
Gazpromneft Sales Grew in First Half
August 31, 2021Gazpromneft-Lubricants reported larger automotive and industrial lubricant sales volumes for the first half of this year, driven by the positive market dynamic in the beginning of 2021 as the pandemic’s economic impacts abated and demand for lubricants rebounded.
Nigeria Mandates Lube Monitoring
August 31, 2021Nigeria’s Department of Petroleum Resources is collaborating with the Standards Organization of Nigeria to curb supply of substandard lubricants in the country. The agency made the point recently while unveiling a downstream remote monitoring system that it is requiring petroleum product retail outlets to adopt by the end of this year.
Briefly Noted
August 31, 2021Sweden-based Perstorp Oxo AB will raise prices effective Sept. 1 on two acids used in in esters for synthetic lubricants: 2-ethylhexanoic acid, by €300 (U.S. $355) per metric ton in Europe, 17 cents per pound in the United States and $360/t in the rest of the world; and n-valeric acid, by €125/t in Europe, 7 cents/lb in the U.S. and $150/t in the rest of the world. The company cited supply and demand as well as rapidly increasing raw material prices.