Volume 5 Issue 9
Contractor Fined in Wake of Chemtool Fire
March 2, 2022A subcontractor is contesting a nearly $10,000 fine by the United States Occupational Safety and Health Administration for its alleged role in a June 2021 fire that destroyed Lubrizol’s Chemtool grease factory in Rockton, Illinois.
U.S. Base Oils Complete Rebound
March 2, 2022The United States produced 61.2 million barrels of base oil in 2021, a 10% increase from 2020 and 1% above 2019’s production, according to data released Monday by the U.S. Energy Information Agency. In December, the country produced 5.3 million barrels, virtually unchanged from the same month in 2020 and 2% less than the December 2019 total.
Calumet Posts Bigger Losses
March 2, 2022Calumet Specialty Products Partners L.P. reported a steeper net loss for the quarter ending Dec. 1 and the full year of 2021, despite large increases in sales for the quarter and year. Quaker Chemical reported lower earnings, while results improved at HollyFrontier and Safety-Kleen.
From Other Editions of Lube Report
March 2, 2022Pull-outs from Russia Exclude Lube Plants
Briefly Noted
March 2, 2022Calumet Specialty Products Partners, L.P. announced that co-founder Fred Fehsenfeld, chairman of the board of The Heritage Group – the general partner of Calumet – will retire effective May 1. On that date, current Calumet CEO Steve Mawer will become executive chairman of the board; Todd Borgmann, currently executive vice president and chief financial officer, will assume the role of CEO; and Vince Donargo, currently chief accounting officer, will assume the role of EVP and CFO.