Net income for WD-40 reached $8.1 million for the quarter ending Aug. 31, down 9 percent from the year-earlier period, while net sales were up 10 percent at $93.5 million. Earnings per share fell to 53 cents per diluted share in WD-40s fiscal fourth quarter, compared to 56 cents in the year-ago period. San Diego-headquartered WD-40s fiscal year goes from Sept. 1 to Aug. 31. Compared to year-ago numbers, fiscal fourth-quarter sales in the Americas increased 1 percent to $47.3 million, sales in ...

Elevance Renewable Sciences expects to begin operating its second biorefinery in Mississippi in 2016, producing specialty chemicals, including some used in lubricants and base stocks. The company yesterday said it authorized the next significant stage of the Natchez, Miss., biorefinery to expand production of its Inherent renewable building blocks. We have invested approximately $30 million in the Natchez site, and made several significant improvements that were required for todays announcement...

Russian oil major Lukoil and Uzbek car maker UzAuto signed a deal for production and marketing of engine oils and technical fluids. Under the deal, the Russian oil major will market UzAutoOil-branded products not only in Uzbekistan, but in other Central Asia countries as well. At the same time Lukoil will provide the Uzbek car maker know-how for development of a packaging production plant and development of a lubricants and technical fluids filling line. Vadim Vorobyev, Lukoil’s deputy di...

Heritage-Crystal Cleans oil business, including oil collection and rerefining, reported $30.9 million in sales for the quarter ending Sept. 7, up 3.4 percent from $29.9 million in the year-earlier quarter. As a whole, Elgin, Ill.-based Heritage-Crystal Clean reported $1.3 million net income for the third quarter, on $67.6 million in sales. That is up from $1 million in net income on sales of $62.1 million, in 2012s third quarter. The company does not break out net income for its oil business se...

The U.S. Centers for Disease Control and Prevention awarded George Washington University a $1.3 million grant to study whether exposure to metalworking fluids leads to serious kidney illnesses. During the four-year epidemiological study, GWUs School of Public Health and Health Services will link collected data to medical registries to determine if approximately 46,000 autoworkers exposed to metalworking fluids in the workplace were more likely to develop end-stage renal disease and renal cell c...

Petronas Lubricants International will invest $50 million to build its first lubricants blending plant in India, with the first phase expected to be completed by the end of 2015. A land-lease agreement announced Monday, signed between the Maharashtra Industrial Development Corp. (MIDC) and Petronas Lubricants Internationals wholly-owned subsidiary Petronas Lubricants India, marks the first step towards construction of the 60,000 metric tons per year capacity plant, which will cater to the subsi...

The American Petroleum Institutes annual motor oil testing program found almost one in five samples of bulk motor oil purchased from the North American marketplace in each of the last five years failed to meet API motor oil performance standards. API said it purchased and tested more than 1,000 motor oils dispensed from bulk tanks in North America over the last five years and nearly 20 percent of the bulk oil samples tested failed to meet API standards. The association compared the test results ...

ABU DHABI, United Arab Emirates – Neste Oil, the Finnish refiner and marketer of base oils, has confirmed to Lube Report it will not be marketing API Group II and Group III base oils produced at Takreers new plant at Ruwais, United Arab Emirates. The development has also been separately corroborated by Abu Dhabi National Oil Co., known as Adnoc. There are differences over interpretation of the outcome, but the two companies appear to have reached deadlock over ownership of the marketing ...