Following price increases the previous week by ExxonMobil and several independents, last week Chevron, Phillips 66, CITGO, D-A Lubricants, Petro-Canada, Allegheny Petroleum, Warren Distribution, Old World Industries, Nu-Tier Brands and Pinnacle Oil all announced finished lube price increases.
Clariant and Huntsman jointly announced that they have mutually terminated their proposed merger. The decision was unanimously approved by the Boards of Directors of Clariant and Huntsman due to increased uncertainty of securing two-thirds majority by Clariant shareholders.
Shell Opens 430 Million Liter Lube Blending Plant in Singapore
Shell last Wednesday opened an integrated lubricants and grease production facility in Tuas, Singapore, its 3rd largest lubricants plant in the world and 2nd largest in Asia-Pacific, capable of producing up to 430 million litres (390 kilotonnes) of lubricants and greases per year.
Oronite Completes Singapore Carboxylate Project and Celebrates 100 Years
Chevron Oronite celebrated both the centenary of the Oronite brand and completion of a major capital project at an event last Thursday. The project adds Carboxylate production capabilities to Oronite’s Singapore plant and doubles Oronite’s worldwide production capacity of the component.
Last week BP reported that third quarter 2017 profit was $1.8 billion compared to a profit of $1.6 billion for the same period in 2016, while Shell reported a 47 percent rise in third-quarter net income, based on current cost of supplies (CCS) of $4.1 billion compared with $2.8 billion a year earlier.
Please do not reply to this message. Replies to this message are routed to an unmonitored mailbox. Please send all comments and correspondence to lubritec@aol.com.
