Volume 4 Issue 52
Russia Lube, Base Oil Imports Up in 2021
December 28, 2021Russian imports of base oils and finished lubricants increased by 19% in the first 10 months of 2021, driven by a rebound from the very low demand observed in the same period in 2020, according to a market report. Imports of lubricant additives have increased slightly this year.
Croda Selling Unit to Cargill
December 28, 2021Agricultural products company Cargill Inc. has agreed to buy most of Croda International Plc’s Performance Technologies and Industrial Chemicals unit, including one factory that produces esters for the lubricants industry. The transaction calls for Cargill to pay €915 million in cash.
Used Lube Collection Rises in Spain
December 28, 2021Used lubricant collection in Spain grew 16% in the first half of this year, compared to the same period last year, and this year’s projected total is running 4% ahead of last year’s, according to Sigaus, a Madrid-based non-profit organization that manages the country’s recycling of used lubricants.
From Other Editions of Lube Report
December 28, 2021CNOOC Taizhou Introduces Group III
Briefly Noted
December 28, 2021Sweden-based Perstorp Oxo AB announced it would increase prices effective Jan. 1 in Europe for 2-ethylhexanoic acid by €180 (U.S. $203) per metric ton and for n-butyric acids by €200/t because of supply and demand as well as increasing raw material prices. 2-EHA is a chemical intermediate used as a compound in the production of synthetic lubricants as well as oil additives, and n-butyric acid is also used in production of lubricants.