Shell to sell stake in Deer Park refinery to Mexico’s Pemex

Photo courtesy of Shell Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement to sell its stake in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos or Pemex). The transaction will transfer Shell’s interest…

Malaysia’s KLK OLEO expands business footprint

Photo courtesy of KLK OLEO KLK OLEO, a global oleochemical producer based in Malaysia, has expanded its business footprint to the Americas with a new sales office in Woodbury, New York, U.S.A. KLK OLEO is the manufacturing division of its parent company, Kuala Lumpur Kepong Berhad, a leading international plantations group listed on Main Market…

Lubrizol appoints Aspelin as its first chief diversity officer

Photo courtesy of Lubrizol The Lubrizol Corp., a Berkshire Hathaway Company and of the major global fuel and lubricant additive makers based in Wickliffe, Ohio, U.S.A., has appointed Cheree Aspelin as the company’s first chief diversity officer. In this role, Aspelin will continue to advance the company’s organizational capability by further embedding diversity and inclusion…

Valvoline announces realignment of business segments

Photo courtesy of Valvoline U.S.-based global lubricant marketer Valvoline Inc. announced the realignment of its global operations. Beginning in the third quarter of fiscal 2021, Valvoline will manage its business through two operating segments: Retail Services, which renames the former Quick Lubes segment, and Global Products, which includes the operations of the former Core North…

ReGen III signs offtake deal with bp for re-refined base oil

Photo courtesy of ReGen III ReGen III Corp., formerly known as Gen III Oil Corporation, has signed a definitive, multi-year offtake agreement for bp to purchase all of the company’s base oil to be produced from its proposed 5,600 barrel-per-day (bpd) U.S. Gulf Coast re-refining facility. The USGC Facility will serve as the foundation for…

Phoenix Petroleum to sell PNX Lubricants in Indonesia

Photo courtesy of Phoenix Petroleum Phoenix Petroleum Philippines announced it will sell PNX Lubricants, the company’s market-entry product under its newly established overseas subsidiary Phoenix Petroleum Indonesia. Two years ago, the company announced its plan to invest in at least five countries in the Asia-Pacific region, including Australia, Indonesia, Myanmar, Thailand and Vietnam. “Indonesia currently has…

Afton launches world’s first e-transmission fluid additive

Image courtesy of Afton Chemical U.S. additive maker Afton Chemical announced the launch of the world’s first electrified transmission fluid (ETF) additive created for direct-cooled electric motors with multi-speed systems. HiTEC® 35701 was rolled out earlier to original equipment manufacturers (OEMs) and oil marketer customers. Part of Afton Chemical’s eMobilty additive range, “this product is…

Shell debuts e-transmission fluid at Formula E championship

Photo courtesy of Nissan e.dams Shell launched a bespoke e-transmission fluid for the Nissan e.dams Formula E team at the Monaco round of the ABB Formula E World Championship last weekend, where the team came in sixth with eight points. The bespoke transmission fluid has been designed and tested in collaboration with the race team for their…

Croda reviewing whether to divest its lubricants portfolio

Photo courtesy of Croda UK-based specialty chemical company Croda International said it is strategically reviewing its Performance Technologies and Industrial Chemicals (PTIC) businesses. Croda’s lubricants portfolio, under its Energy Technologies unit, forms part of its Performance Technologies business. Personal Care, Life Sciences and Performance Technologies roughly represented one-third each of Croda’s group revenues in 2020. Industrial Chemicals…

FIA WRC to switch to 100% sustainable fuel from 2022

The Federation Internationale de L’Automobile or FIA will introduce a 100% sustainable fuel in the FIA World Rally Championship (WRC) from next season, in line with introducing the new generation of power units, which integrate the hybrid technology in Rally1 class vehicles. Rally1, which will replace the World Rally Car in 2022, will place a…