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By Mark T. Townsend • May 21,
2014
Takreer’s flagship API Group
II/III base oils plant at Ruwais, U.A.E., is facing further delays and may
not start production before the end of the year.
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By Joe Beeton • May 21, 2014
A United States District Court
in Colorado has ordered a Utah-based bicycle chain lube distributor, Squirt
LLC, to stop counterfeiting and marketing its former supplier’s product,
Squirt.
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By Tim Sullivan • May 21, 2014
Fuchs Petrolub SE said last
week that it has agreed to buy Lubritene and Lubrasa, sister specialty
lubricant companies based in South Africa.
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By George Gill • May 21, 2014
TPC Group’s board approved
funding toward the next engineering phase of a third polyisobutylene
production unit at its Houston facility. PIBs are used as a chemical
intermediate in lubricant additives and as base stocks in lubricants.
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By By Emeka Umejei • May 21,
2014
The Nigeria Automobile
Technicians Association’s recent endorsement of Ammasco International
Ltd.’s lubricants could be a first step toward Nigerian independents
gaining a larger share of the nation's lube market.
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By George Gill • May 21, 2014
Clean Harbors’ rerefining
revenues were down slightly in the first quarter compared to year earlier,
while Cosan Lubrificantes’ net revenues for the first quarter were up
slightly from 2013’s first quarter.
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May 21, 2014
May brought a bumper crop of
consulting reports: ResearchMoz
predicts the global independent lubricant manufacturing
market will be valued at $8.5 billion in 2019, in “Independent Lubricant
Manufacturers Market – Global Industry Analysis.” The biolube market,
estimated at 1.4 million pounds and valued at $2.1 billion in 2014, will
grow 5.5 percent per year and reach $3 billion by 2020, according to Research and Markets,
in “Biolubricants – Global Market Overview.” In “Synthetic Lubricants
Market Analysis,” Grand
View Research estimates the global synlube market will
reach $3.72 billion by 2020, with volumes growing nearly 3 percent per year
from 2014 to 2020.
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Base Oil Reports
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U.S. Base Oil Price Report
Amid discussions of a U.S.
supply crunch and delays at the new Chevron plant in Pascagoula, Miss.,
ExxonMobil raised posted prices this week.–by Gabriela Wheeler
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EMEA Base Oil Price Report
Base oil prices appear to
have plateaued, with sellers and buyers prepared for business as a series
of turnarounds wraps up. –by Ray Masson
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SSY Base Oil Shipping Report
Adrian Brown is away.
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