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.
Rerefiners in North America are feeling the impacts of the Covid-19 pandemic in the form of reduced demand for their base oil and finished lubes, along with less feedstock. This is due to a dramatic decrease in the number of miles driven, with most people teleworking and traveling less for work, recreation and tourism.
Clean Harbors acquired a small API Group II+ rerefinery in New Hampshire last month, providing its Safety-Kleen subsidiary with a foothold in the Northeastern United States.
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.
Clean Harbors’ Safety-Kleen segment and Heritage-Crystal Clean’s oil business segment both reported higher revenues for the first quarter, compared to 2019’s first quarter. Both companies noted that although the Covid-19 pandemic’s economic impacts were limited in the first quarter, impacts started to worsen at the quarter’s end.
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.
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.
Base oil production in the United States dropped 9 percent in 2019, according to recently released data, as refiners perhaps let some air out of an over-supplied market. Exports – including those to most of the Americas – decreased, and imports swelled as domestic usage remained relatively flat.