Volume 14 Issue 22

SSY Base Oil Shipping Report

Adrian Brown is away.

Outlook Solid for MWFs

The global metalworking fluids market is forecast to grow at 2.3 percent per year, from 2.2 million tons in 2012, to 2.5 million tons by 2017, according to Kline & Co. Asia is expected to remain the fastest growing market for metalworking fluids through 2017, at close to 3 percent annual growth, Milind Phadke, India-based director of Klines Energy Industry Practice, said during a webinar. Kline forecasts the Americas to have more than 2.3 percent annual growth and Europe to attain more than ...

Russia to Introduce New Lube Export Tax

Russia will soon introduce a complex export tax formula for different grades of base oil, responding to a request by three Russian oil majors to lower the base oil export duty, the countrys energy ministry told Lube Report. We made a decision on the [new] base oil export duties, Russian Energy Minister Alexander Novak told Lube Report on May 23 on the sidelines of the St. Petersburg International Economic Forum. According to the ministry, the code will include a gradual formula starting with a l...

BASF to Build PAG Lubes Plant

BASF will construct a new polyalkylene glycol-based lubricants manufacturing facility in Ludwigshafen, Germany and start operations by the beginning of 2016. The project will cost more than 10 million (U.S. $13.6 million), the chemical company said in its press release issued Monday. The plant, which will be built on existing property in its fully-integrated Ludwigshafen complex, will produce PAG-based lubricant base stocks along with formulated blends. PAG base stocks are used for synthetic lub...

NPD: Sell Oil for Aging Cars

Consumers are keeping aging vehicles on the road longer, which is creating a booming market for high mileage and synthetic motor oils, according to the NPD Groups Automotive Retail Tracking Service. With the vast majority of cars on the road now over 10 years old, there continues to be a robust opportunity to engage the consumer whos driving an older car, Dave Portalatin told the March Petroleum Packaging Council spring meeting held in Tampa. According to NPDs surveys, which track consumers spen...

STLE Welcomes Hunter as President

LAKE BUENA VISTA, Fla. – Maureen Hunter started her 2014-2015 term as president of the Society of Tribologists and Lubrication Engineers at its annual meeting and exhibition here May 18-22. Hunter is technical service manager for King Industries Inc., of Norwalk, Conn. She succeeds 2013-2014 STLE President Rob Heverly, technical sales representative for Norwalk, Conn.-based Vanderbilt Chemicals LLC. Heverly remains on the STLE board of directors as past president and presidential council c...