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Additives

Altivia Acquires Additive Plant

Altivia Oxide Chemicals LLC acquired KMCO and its associated chemical ethoxylation manufacturing assets in Crosby, Texas, last week out of Chapter 7 bankruptcy. Products the facility can make include lubricant additives and surfactants.

Q1 Profits, Sales Up for Afton

Afton Chemical posted increases in both operating profit and sales for the quarter ending March 31, compared to a year earlier.

Interchange Emergency Enacted for Additives

The American Chemistry Council on Monday invoked an emergency protocol meant to give companies flexibility to cope with unavailability of automotive lubricant additives resulting from the Covid-19 pandemic.

IPAC Wins Case Against Distributor

Lubricant additive supplier IPAC said last week that it has won two arbitration decisions against a former distributor and a former employee for misappropriation of intellectual property.

Afton Posts Strong 2019, Valvoline Sales Up

NewMarkets Afton Chemical reported lower operating profit in the fourth quarter but stronger full-year results, while Valvoline posted increases in sales and operating income for its fiscal quarter ending Dec. 31.

Vertellus Acquires Additives Producer Bercen

Specialty chemicals manufacturer Vertellus acquired Denham Springs, Louisiana-based Bercen Chemicals, a lubricant additives and alkyl succinic anhydrides manufacturer, the company announced last month.

Mexico to Revamp Motor Oil Standards

The Mexican government is preparing to publish new national engine oil standards that are modeled on those in the United States and which would replace its own antiquated standards.

Q3 Profit Up for Afton

Afton Chemical, NewMarket Corp.s petroleum additives segment, reported an operating profit of $94.8 million for the quarter ending Sept. 30, up 24 percent from $75.8 million in 2018s third quarter.

Growth Seen Looming for Additives

Global lubricant additive demand volume will grow 0.5 percent per year from 4.6 million tons in 2018 to more than 4.8 million tons by 2023, consultancy Kline & Co. projected, slightly less than the growth projected for finished lubricants due to a sharp decline in detergents for marine lubricants.

Start-up Progresses at Sasol Project

Sasol announced last week that its new 1.5 million tons per year ethane cracker in Lake Charles, Louisiana, reached a milestone in its start-up, producing on-spec for 72 consecutive hours. The crackers ethylene output will be used in six downstream plants to produce derivatives, including some used in metalworking fluids and lubricants.
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