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Ashland to Spin-off Valvoline
Ashland Inc. last Tuesday announced plans to separate Ashland into two independent, publicly traded companies, Ashland Chemicals and Valvoline. Sam Mitchell, currently senior vice president of Ashland and president of Valvoline, will serve as CEO.
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SK and Repsol Inaugurate Europe's Largest Group III Lube Base Oil Plant
South Koreas SK Group and Spains Repsol held a ceremony last Wednesday at the ILBOC plant site in Cartagena, Spain to mark the completion of Europe's largest Group III lube base oil production facility, which began full operations in October 2014. The Iberian Lube Base Oils Company is a 70:30 joint venture between SK Lubricants and Repsol.
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Vexapak Opens New Houston Lube Facility
Vexapak announced the opening of its new 57,000 sq.ft manufacturing & blending operations facility located in Houstons East Side. With the new facility, which started operations in the second week of September, Vexapak was able to triple its storage and production capacity versus their previous capacity at their old building.
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Standard Greases Makes Unsolicited Offer for Tide Water
India's Standard Greases & Specialities, one of the largest private label grease manufacturers in the country, has launched an open offer for Tide Water Oil Company (India). Standard Greases is launching the offer together with Janus Consolidated Finance, Alpha TC Holdings Pte and Tata Capital Growth Fund.
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- Flint Hills Reduces its (API Group II) 70-HC and 75-HC by 15 CPG, Its 100-HC by 5 CPG, and Its 230-HC by 12 CPG, Effective on September 17
- Paulsboro Refining Reduces Its Group I Light Viscosity Posted Prices by 10 CPG, Effective September 22
- Valentina Serra-Holm Named Director of Nynas Naphthenics New Marketing and Technology Department
- Macedonia, Ohio-headquartered Lubricant Additives Maker Functional Products Names Brampton, Ontario-based L.V. Lomas Sole Canadian Distributor
- VW CEO Martin Winterkorn Resigns Amidst Diesel Emissions-Rigging Scandal; Matthias Mueller Named New CEO
- Neste Jacobs to Implement Production Optimization to Forchem Tall Oil Distillation Plant
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Global Lube Base Oil Specifications
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