The owners of Nor-Lakes Services Midwest Inc. have formed a new company, NL Grease LLC, that has agreed to buy bankrupt Farmland Industries Inc.s Kansas City, Mo., grease plant. The acquisition by NL Grease must be approved by a bankruptcy court, which is scheduled to consider the deal next week. Terms of the sale were not disclosed. Nor-Lakes will manage the plant, and NL is finalizing a long-term agreement for the plant to continue supplying CHS Cooperatives, which markets under the Cenex bran...

Petroleos de Venezuela S.A. plans this week to resume production at the Refineria Isla naphthenic base oil refinery on Curacao, according to PdVSAs joint venture transport company, Nynas. Nynas, a leading global supplier of naphthenics, has been eagerly awaiting the reopening since last months end of the strike that crippled Venezuelas oil industry this winter. But thecompany faces another six to eight weeks of restricted supply as its own Nynashamn, Sweden, refinery is now preparing to close fo...