HollyFrontier Corp.s lubricants and specialty products segment posted weaker income from operations for the fourth quarter and year but had stronger revenues from external customers.
ILSAC GF-6 is on its home stretch to commercial introduction on May 1, but automakers and the lubricant industry are questioning whether additional work is needed to help prevent low-speed pre-ignition.
The Canadian government decreed this month that it will permit 9-octadecenoic acid (Z)- compound with (Z)-N-9-octadecenyl-1,3-propanediamine to be used as an ingredient in engine oils and transmission fluids even though it suspects the substance to be toxic.
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.
Shell, ExxonMobil, Chevron, Phillips 66 and several smaller blenders notified United States customers of impending finished lubricant price increases that take effect from mid-February through mid-March. Some companies cited increasing costs for raw materials used in production and delivery of their products.
Amalie Oil Co. and the plaintiffs of a class action lawsuit against the company have asked a Florida circuit court to grant final approval on a settlement agreed upon by the two sides late last year, according to the Independent Lubricant Manufacturers Association. Amalie is an ILMA member.
A new engine oil standard that takes effect in Mexico in mid-2020 should help promote fair competition in the country's lubricants industry, an industry insider said.
ExxonMobil is completing an expansion of its Port Allen lubricant blending plant in Baton Rouge, Louisiana.
The worlds two leading engine oil specification groups have developed a closer working relationship in recent years, which will enable new development processes to move forward more quickly and smoothly.
The trend toward electrified vehicles will mean an increase in demand for API Group III+ base stocks because they will be needed to formulate engine oils for hybrid and plug-in hybrid cars, a consultant said at a recent industry conference.