Moove – Cosan’s lubricants production and distribution arm – reported lower net income, revenue and sales volumes for the first quarter ending March 31.
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.
Trends related to electric vehicles accounted for half of the 10 most popular answers in a global survey of tribologists and lubrication engineers about developments likely to draw the industry’s interest in coming years.
Canada-based distributor Parkland Fuel Corp. posted a 26 percent increase in consolidated revenue for its lubricant segment for the quarter ending March 31, boosted by higher sales for its United States segment.
Lube-Tech opened a new distribution center this week in Milwaukee, Wisconsin, with capacity to store up to 350,000 gallons of lubricants and other fluids, the company announced on Monday.
Calumet Specialty Products Partners L.P. reported a net loss, Valvoline posted a slight decrease in operating income, HollyFrontier’s lubricants and specialty products segment reported higher income from operations and Quaker Chemical posted a net loss, for the quarter ending March 31.
Food-grade lubricant manufacturers looking to distinguish their products in the marketplace may wish to consider adding ISO 21469 certification to their NSF H1 credential.
First licensing for ILSAC GF-6A and GF-6B and API SP is scheduled to begin May 1. Despite the Covid-19 pandemic’s impacts, hundreds of licensed GF-6 products are expected to be added to the American Petroleum Institute’s online Engine Oil Licensing and Certification System this Friday, according to an API official.
Several major and independent lubricant marketers have reduced prices on finished products in the United States in recent weeks. Industry insiders said the move was predictable given recent reduction in base stock prices and complicated in some cases by measures taken to combat the Covid-19 pandemic.
Industry observers believe the Covid-19 pandemic could reduce lubricant demand at least as much as the Great Recession of 2008 did, though they expect the global crisis to affect some product categories more than others.