South America

Moove Profits Jumped in Second Quarter

Moove Profits Jumped in Second Quarter

August 17, 2022

Moove, the lubricants arm of Brazil-based Cosan, posted higher profits, revenue and sales volume for the three months en ...

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Petrobras Chile Up for Sale

July 13, 2022

Southern Cross Group, which owns the Petrobras lubricants and fuels business in Chile, has put it on the sales block, ac ...

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Cepsa Ups Stake in Brazil’s Deten

July 13, 2022

Cepsa Quimica closed on its acquisition of 27.88% of Deten Quimica from Brazil’s Petrobras, after obtaining authorizat ...

Brazil Base Oil Output Jumped in May

Brazil Base Oil Output Jumped in May

July 6, 2022

Brazil’s base oil production, which is mainly API Group I, increased by nearly 20% in May, while imports slipped by 6% ...

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Consortium Seeks Isla Refinery Deal

June 22, 2022

Refineria di Kursou, the Curacao government agency that owns the Isla Refinery, entered exclusive negotiations with a he ...

Albemarle Ramps Up Lithium Output

Albemarle Ramps Up Lithium Output

June 15, 2022

Albemarle Corp. opened an additional plant Monday at its lithium production site in Antofagasta, Chile, part of a strate ...

Brazil Base Oil Output Rises

Brazil Base Oil Output Rises

June 8, 2022

Brazil’s base oil production – mainly API Group I – increased by 5% in April, while imports dropped by almost 30%, ...

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Petrobras Agrees to Sell Lubnor Refinery

June 1, 2022

Petrobras announced last week an agreement to sell its Lubnor refinery in Fortaleza, Brazil, to a consortium of companie ...

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Moove to Acquire PetroChoice

May 25, 2022

Cosan’s Moove made a splash this week with an almost half-billion-dollar acquisition for PetroChoice, the largest lubr ...

Moove Posts Higher Profits

Moove Posts Higher Profits

May 18, 2022

Moove, Brazil-based Cosan’s lubricants arm, reported higher profits and revenue despite lower sales volume in the firs ...

Brazil Base Oils Dipped in March

Brazil Base Oils Dipped in March

May 11, 2022

Brazil’s base oil output – mostly API Group I oils – declined 6% to 44,000 metric tons in March, while base oil im ...

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Raizen Closes on Shell Brazil Purchase

May 4, 2022

Brazilian energy company Raizen said last week that it completed its acquisition of Shell’s lubricant business in Braz ...

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Ecuador Program Beats Collection Goal

April 27, 2022

Ecuador collected 4.1 million gallons of used lubricants in 2021 – a fifth of the amount of lubes it consumes – thro ...

Brazil Base Oil Output Fell in February

Brazil Base Oil Output Fell in February

April 13, 2022

Brazil’s production of base oil – mostly API Group I – dropped 15% in February, and imports were down by more than ...

Brazil Base Oils Declined in January

Brazil Base Oils Declined in January

March 9, 2022

The South American country’s output of base oil – primarily consisting of API Group I oils – declined to 44,000 me ...

Moove Posts Decline for Fourth Quarter

Moove Posts Decline for Fourth Quarter

February 23, 2022

Cosan’s Moove posted lower net income and sales volume amid an increase in revenue for the quarter ended Dec. 31 but r ...

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Brazil Auto Sales Recovering Slowly

February 9, 2022

Passenger car registrations in Brazil declined in December but were higher for full year 2021, showing a slight recovery ...

Brazil Base Oils Hit a Bump

Brazil Base Oils Hit a Bump

January 5, 2022

Base oil production in Brazil in November was slightly lower than in the same month last year, ending a streak of three ...