Global lubricant demand –
including process oil and marine engine oil – is projected to grow
about 1.5 percent per year to 42 million tons by 2019, up from just
over 39 million tons in 2014, according to consultancy Kline & Co.
U.S. output of lubricant
base oils rose 10 percent in the first six months of this year, versus
the same period a year earlier, according to data released last week by
the U.S. Energy Information Administration.
Metalworking fluids maker Houghton International
appointed Marcello Boldrini as its senior vice president and president
of global metals, leading its specialty product lines for major metal
Technologies – which manufactures and supplies
oleochemical derivatives for lubricant and metalworking formulations –
officially changed their names to Vantage Specialties Inc.
Base Oil Reports
U.S. Base Oil Price Report
discussions were slowly starting to surface following the Labor Day
holiday, news that Motiva would be lowering the price of two of its
paraffinic oils nudged market players to sit up and take notice.–by
Europe have cooled substantially and certain trade lanes in Asia are
fragile. U.S. markets are mostly robust, although there have even
been a few cracks starting to appear there.–by Adrian Brown
Total Lubmarine, the
marine lubricants arm of French energy giant Total, said its shipping
activity in China’s Tianjin port has resumed following the area’s Aug.
12 explosion, yet is still subject to minor delays.
Zhonghai Jinxiang Co. finished building a hydrotreater
that will turn feedstock from a bitumen refinery into lubricating base
oil. The facility, located in Luzhou city, Sichuan province, has
capacity of 150,000 metric tons per year. American Multi-Color Corp.,
which provides labeling for motor oil clients, has acquired Malaysia's Super Enterprise Holdings
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the ups and downs of crude oil prices, base oil values have generally
dropped in Asia on bearish sentiment and a downbeat outlook. – by Gabriela Wheeler
Chevron Oronite announced
that it doubled detergent capacity at its plant in Gonfreville, France,
that it will build a carboxylate production facility at its Singapore
plant, and that it will upgrade and expand in Belle Chasse, La.
Tony Jin, base oil global
marketing team leader for SK
Lubricants Co. Ltd., was appointed president of SK Lubricants Americas
Inc. Qatar Fuel (Woqod) completed a
feasibility study on a factory for engine oil production, a Woqod
official said at a Dec. 31 press conference.
couple of weeks of fairly quiet fundamentals in the U.S. base oil
market, Ergon said on Jan. 8 that it would decrease prices of its
naphthenic oils effective Jan. 13. Calumet communicated shortly after
that it would be moving down prices as well.–by Gabriela Wheeler