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Shell, BP, Engen, Chevron and Total Lubricants lead the market share in the Automotive and Industrial Machinery Lubricants Market in South Africa
New Plant-Based Oil Emerging for Use in Industrial Products
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A new plant based oil is being developed to replace petrochemicals in industrial products ranging from fuels and lubricants to specialty chemicals and plastics, writes Hartley Henderson.
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In a joint project between the CSIRO and the Grains Research Development Corporation (GRDC) to establish the Crop Biofactories Initiatives (CBI), Safflower seed oil that contains over 92 percent oleic acid has been produced. This has been dubbed ‘Super High Oleic Safflower Oil’ (SHOSO).
Quaker Chemical Corp Sets All-Time High; Strong Momentum for Holders
The stock of Quaker Chemical Corp (NYSE:KWR) reached all time high today, Jul, 21 and still has $117.53 target or 22.00% above today’s $96.34 share price. This indicates more upside for the $1.27 billion company. This technical setup was reported by Barchart.com. If the $117.53 PT is reached, the company will be worth $279.40 million more. Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.60% or $0.57 during the last trading session, hitting $96.34. About 26,539 shares traded hands. Quaker Chemical Corp (NYSE:KWR) has risen 23.42% since December 14, 2015 and is uptrending. It has outperformed by 15.89% the S&P500.
Chemtura to Attend Jefferies Industrials Conference in New York City on August 10, 2016
PHILADELPHIA, July 20, 2016 (GLOBE NEWSWIRE) -- Chemtura Corporation (NYSE:CHMT) (EURONEXT:CHMT) today announced that Craig Rogerson, Chairman, President and Chief Executive Officer and Matthew Sokol, Director of Investor Relations and Corporate Development, will present at the Jefferies Industrials Conference on Wednesday, August 10, 2016, from 8 a.m. to 5:00 p.m. (EDT), at the Grand Hyatt New York, 109 E. 42nd Street, New York City.
Global Industry Insights on Synthetic Lubricants Market Size, Share, Analysis, Growth and Forecasts, 2012 To 2020
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On account of increasing demand from automotive and industrial applications, “synthetic lubricants market” is anticipated to witness lucrative growth over the forecast period. In addition, strong growth of automobile industry in India, China and Brazil is further expected to boost synthetic lubricants market in near future.
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Booming globalization has the worldwide marine lubes market growing at a rate of more than 4 percent per year in the next four years, and Asia – the largest geographical market – will be responsible for much of that increase, according to Technavio Research.
To Grow, A Venerable Industrial-Lubricants Firm Looks to Ohio
Back in the 1860s, before there was a Sun Oil Co., Philadelphia was home to a disruptive, fast-growing petroleum sector, including the industrial-lubricants firm now known as Houghton International Inc.
Houghton is still here, along with publicly traded rival Quaker Chemical Co. of Conshohocken. Houghton boss Michael Shannon says they're "like Villanova and St. Joe's," friendly neighborhood rivals.
But the business - and its owners - have left petroleum behind and gone profoundly international.
Hinduja Group Acquires Wallover in USA Through Gulf Oil Subsidiary Houghton
This acquisition marks Houghton’s latest strategic investment in the specialty metalworking and industrial fluids segment that enables the company to better serve North American manufacturers.
Rocol Develops Next Generation Lubricant for Wire Rope “Machines”
Wire ropes have been described as complex machines requiring dedicated lubricants to perform.
Trials of a technologically advanced wire rope lubricant introduced to the international market by ROCOL have prompted highly positive feedback from a leading offshore contractor.
Lubricants Market Size is Forecast to Generate USD 74.6 Billion Revenue by 2022
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Lubricants market size is forecast to generate USD 74.6 billion revenue by 2022; as per a new research report by Global Market Insights, Inc. Transportation industry growth, particularly automobile production, is likely to drive lubricants market size. Increase in drilling & exploration activities owing to growth in oilfield chemicals should also spur growth.