Afton Chemical posted increases in both operating profit and sales for the quarter ending March 31, compared to a year earlier.
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.
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.
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.
Specialty chemicals manufacturer Vertellus acquired Denham Springs, Louisiana-based Bercen Chemicals, a lubricant additives and alkyl succinic anhydrides manufacturer, the company announced last month.
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.
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.
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.
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.
MFG Chemical recently announced manufacturing upgrades at its facilities in Dalton, Georgia, that make surfactants, esters and derivative amines, and the company has an eye set on further growth.
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