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Survey Says EVs Will Spur Big Trends

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.

Strong Q1 for Parkland’s Lube Sales

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 Opens Distribution Center

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.

Results Decline at Calumet, Valvoline, Quaker

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.

Upping the Ante on Food-grade Lubes

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.

GF-6, SP Hit Market May 1

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.

Lube Marketers Cut Prices

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.

Covid-19 Impact Likened to Recession

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.

Calumet to Close Plant, Furlough Workers

Calumet Specialty Products Partners L.P. will close a lubricants plant in New Jersey and furlough manufacturing employees at a Missouri synthetic lubricants plant as part of its efforts to shore up the company’s balance sheet, according to a statement released last week.

Tractor Fluid Settlement Agreed Upon

A Federal District Court judge in Missouri granted preliminary approval to a class action settlement providing reimbursement to customers who purchased certain tractor hydraulic fluids labeled as 303 products and marketed by Citgo and another company.
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