Volume 8 Issue 26
ExMo Picks Swedish Distributor
June 25, 2008ExxonMobil Petroleum and Chemicals has selected G.A. Lindberg ChemTech to distribute its lubricants in Sweden, Lindberg parent company Indutrade announced Monday. Indutrade, which is headquartered in Stockholm, predicted the arrangement will increase Lindbergs annual sales revenue by SEK 40 million initially and by SEK 200 million within three years. ExxonMobil has marketed Mobil lubricants in Sweden for many years. Indutrade said Lindberg won the distributor contract because of its technical ...
Chemical Prices Remain on the Rise
June 25, 2008Albemarle, Arch Chemicals, Troy, Pilot Chemical and CECA have announced price increases on a variety of chemical products. Albemarles antioxidants are lubricant additives, Arch Chemicals and Troy’s products are biocides, Pilots offerings include synthetic sulfonates for metalworking fluids, and CECAs are specialty surfactants. Baton Rouge, La.-based Albemarle on June 13 announced price increases of 30 cents to 60 cents per kilogram on Ethanox lubricant and fuel antioxidants, depending on ...
Castor Oil Creates Courtroom Drama
June 25, 2008Trade secrets. Clandestine meetings. Wired money transfers. Downloading confidential data. Those arent scenes from a spy thriller, but instead part of court document allegations in a Pennsylvania case involving a castor oil and derivatives distributor, two former employees, and an India-based exporter of castor oil and derivatives. In February 2007, Jacob Stern and Sons Inc. – parent company of castor oil and derivatives distributor Acme-Hardesty in Blue Bell, Pa. – filed suit agains...
Huntsman, Hexion Battle Over Merger
June 25, 2008What seemed a slam-dunk merger between chemical companies Huntsman and Hexion, an affiliate of Apollo Management L.P., has instead turned into an air ball, with both sides filing lawsuits against the other. Hexion seeks to break it off, while Huntsman filed a suit Monday against Apollo and partners Leon Black and Joshua Harris for fraud and tortious interference in inducing Huntsman to terminate a previous merger agreement with Basell in favor of Hexion. Hexion Specialty Chemicals Inc. filed su...
Base Oil to Stream Again in Nigeria?
June 25, 2008Two years after it closed, a subsidiary of Nigerias national oil company is intensifying efforts to restart a refinery that includes the countrys only base oil plant. Officials said recently that they expect Kaduna Refining and Petrochemical Co. and its 110,000-metric-ton base oil plant to resume operating during the second half of this year. Lubricant blenders in the area welcomed the prospect, saying output from Kaduna will help lower base oil prices in a lubricant market that relies on impor...