Heat management is a big challenge in the information technology industry – especially in data centers, which are proliferating. To solve the challenge, the industry is shifting from legacy air cooling systems to immersion cooling systems, and in the process it is creating a new product market for the lubricants industry, an industry insider said recently.

A base oil rerefinery that opened recently in Severodvinsk, Russia, may not be large, but it appears to be the northernmost such facility in the world. Severodvinsk is located in northwestern Russia, on the White Sea, 227 kilometers south of the Arctic Circle. It is at the same latitude as Iceland and the United States state of Alaska.

United Kingdom-based Millers Oil Ltd., manufacturer and independent blender of oils and lubricants, reported a 21% decline in net profit despite a 9% increase in sales revenue for its fiscal year ended March 31. The company blamed the poorer bottom line on inflationary pressures.