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HollyFrontier Bids for Petro-Canada Lubes?
Grease Market News General, Acquisitions
SCOTTSDALE, Ariz.—Organic growth may not be in the cards for the lubes industry, but the market is far from stagnant, Annie Jarquin of Kline & Co. told the Independent Lubricant Manufacturers Association’s members at their annual meeting here last week.
“It may be flat, but there’s so much happening within it,” Jarquin reminded the group. The key question for lubricant blenders, she said, is “Can you react fast enough to keep up with the changing dynamics within this flat demand?”
CHICAGO – Although global demand for finished lubricants will grow minimally over the next five years, parts of the industry do offer opportunity for marketers, especially premium lubes used by several industries, a consultant from Kline & Co. forecast at the North American Industrial Lubricants Congress last week.
The Parsippany, New Jersey, firm estimated that finished lubricant demand worldwide was 39.4 million tons in 2015 and projected a compound annual growth rate of less than 1 percent through 2020. Asia-Pacific was the leading regional consumer with 44 percent of the total, followed by North America and Europe with 23 percent and 17 percent, respectively. Africa and the Middle East combined to account for 8 percent, the same sized share as South America.
In the food and beverage sector, with all the new regulations that focus on energy efficiency and the fast growth of the market, it is easy – but not advisable – to forget one of the most important elements of the industry – safety. The European Commission’s food law principles and requirements state that ‘it is necessary to adopt measures aimed at guaranteeing that unsafe food is not placed on the market’1, which is why food-grade lubricants are specifically developed to cause limited or no risk in case any incidental food contact occurs.
Chemtura's Petroleum Additives Business Expands Its Distribution Relationship With Canoil Canada Limited To Include Reolube® Phosphate Ester Base Stocks
Chemtura will be transitioning North American Reolube® customers to Canoil in the coming few weeks. Customers with questions during the transition should contact Chemtura Account Manager, Geoff McIsaac at Geoffery.McIsaac@chemtura.com or 519-574-6785.
In working with industrial operations over the years, I've encountered some key misconceptions about equipment lubrication. They are worth noting because they can carry significant costs. By overcoming them, industrial facilities can reap tremendous opportunities while greatly enhancing operational excellence and profitability.
Schaeffler Australia has introduced FAG Arcanol FOOD2 grease which is designed to be sturdier and more energy saving than other lubricants on the market.
The latest FAG Arcanol FOOD2 grease not only meets strict sanitation standards, but also copes with high stresses and ambient conditions. It is also kosher and halal certified.
“Bearings typically used in the food and beverage industry are tapered roller bearings and angular contact ball bearings.”