Volume 4 Issue 47
Slicker Acquires Rerefiner Hydrodec
November 23, 2021United Kingdom-based used oil collector and rerefiner Slicker Recycling Ltd. on Nov. 19 announced its acquisition of transformer oil recycler Hydrodec, including its rerefinery in the United States. Hydrodec’s financial fortunes soured in recent years, while several plans for partnerships and new plants were canceled or failed to materialize.
Gazprom Reports Increased Sales
November 23, 2021Gazpromneft-Lubricants sold 250,000 metric tons of its automotive lubricants in the first nine months of 2021, an increase of 12% compared to the same period last year, driven by higher retail sales. The company is well on track to sell more base oils and finished lubricants for the entire year of 2021 than it did last year.
France Sales Fell in September
November 23, 2021France’s lubricant demand dropped more than 10% in September, compared to the same month in 2020, but was up sequentially from August. Sales for the third quarter and year-to-date sales through September were both down slightly, compared to the same periods last year.
From Other Editions of Lube Report
November 23, 2021Korea Base Oils Continue Upward Trend
Briefly Noted
November 23, 2021BASF announced on Nov. 18 a €400 (U.S $450) per metric ton price increase on neopentyl glycol, a polyalcohol that can be used as a building block in lubricants. Sea-Land Chemical Co., a global chemical distributor of specialty additives for the lubricants industry, added Ben Verhaeghe as EU sales manager, based in Antwerp, Belgium. Verhaeghe will lead the company’s European business development efforts and have sales responsibility across the European Union. Royal Marine Services will distribute Dubai, United Arab Emirates-based Enoc Group’s marine lubricants in Egypt under a recently signed three-year agreement.