Finnish rerefiner L&T Recoil
Oy and parent company EcoStream Ltd. filed for bankruptcy at the end of
March, a former company official confirmed to Lube Report, and an estate
administrator is seeking buyers for assets that include a rerefinery in
Base oil capacity in the
United States totaled 241,500 barrels per day on Jan. 1, compared to
217,300 b/d a year earlier, according to American Fuel & Petrochemical
Manufacturers’ 2014 Lubricating Oil and Wax Capacities Report.
The California Senate
gutted a bill this week that would have required use of motor oils with at
least 25 percent “biosynthetic” content starting in 2017. The U.S.
federal court of Charleston, S.C., reduced former Delfin Group USA
president Markos Baghdasarian’s prison sentence for exporting lubricants to
Iran from three years to two years.
Most naphthenic base oils
are in tight supply as a carry-over of weather-related output problems
during the first quarter, coupled with brief shutdowns at Calumet’s and
San Joaquin’s plants and the recent extended turnaround at Cross Oil’s
facility.–by Gabriela Wheeler