The government of Ecuador aims for the country to recycle 100 percent of its used lubricants and has vowed to guarantee new investments to permit installation of processing plants under a Ministry of the Environment agreement signed earlier this month.
The Federal Trade Commission rejected recycled oil rule changes suggested by rerefiner Avista Oil - to specify that base oil produced through rerefining is of equal or better quality than virgin base oil - and by the American Petroleum Institute, which sought more precise definitions for recycled oil and related manufacturing and marketing terms.
Heritage-Crystal Cleans oil business segment and Milacrons Fluid Technologies segment each reported increases in revenue, and Quaker Chemical posted increases in net sales and net income.
Transformer oil rerefiner Hydrodec Group posted its first positive full-year profits in the groups history for 2017, and its revenues were up 6 percent from 2016, according to its pre-close trading update issued Monday.
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