Volume 6 Issue 47
Commercial Genuine Oil Demand Seen Rising
November 22, 2023Although OEM genuine oil brands constitute a small portion of heavy-duty motor oil demand, sales in the category are projected to grow gradually to 2027, according to findings highlighted in a Kline & Co. webinar earlier this month.
EPA Proposes Phase-out for PIP (3:1)
November 22, 2023The ability to use phenol, isopropylated phosphate as an ingredient in lubricants would end in five years under rule amendments proposed Monday by the United States Environmental Protection Agency.
Earnings Climb for Mr. Lube + Tires
November 22, 2023Canadian quick lube service business Mr. Lube + Tires reported an 18% increase in sales revenue and slightly higher same-store sales growth for the third quarter, parent company Diversified Royal Corp. reported.
From Other Editions of Lube Report
November 22, 2023Petrol Ofisi Expands Blending Plant
Briefly Noted
November 22, 2023Philadelphia-based Livent Corp. announced that Arcadium Lithium plc, the new holding company of the combined group that will result from the proposed merger of Argentina’s Allkem and Livent, received all pre-closing regulatory approvals in connection with the proposed merger. The transaction remains subject to approval by both companies’ shareholders, and Australian court approval, with closing targeted for Jan. 4, 2024. Livent’s lithium hydroxide is used as a thickener in lithium simple and complex greases.