JW Introduces Lubricant Pricing Reports

JobbersWorld Announces Lubricant Pricing Reports

JWMiniBooks-3THE REPORTS provide insights and information on finished lubricant prices and an in-depth analysis of the cost drivers responsible for the changes in lubricant costs and prices in the US market.

The Finished Lubricant Pricing Reports provide lubricant manufacturers and marketers with an independent source of information and insights on price changes at the manufacturer and retail levels and the key drivers behind the changes. In addition to the influence of crude and base oil, the reports analyze the impact of changes in the cost of lubricant additives, transportation, packaging, labor, and others.

Must have reports for manufacturers and marketers looking to understand price drivers and communicate the reasons for price increases to customers.

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Total Lubmarine Introduces Newest Environmentally Acceptable Lubricant

Total Lubmarine has announced the introduction of a new grease product: BIO OG PLUS – an innovative addition to an already comprehensive Environmentally Acceptable Lubricant (EAL) range.

Specifically formulated for sensitive applications such as open gears and chains under high load, BIO OG PLUS mitigates the challenges of working in environments where water contamination is common.

On top of being an extreme pressure and adhesive grease, Lubmarine says, BIO OG PLUS’s biodegradable qualities allow owners, managers and operators of vessels to take a more environmentally considerate approach to lubrication. It is also a vital resource to those operating in areas requiring the use of EAL Lubricants, such as those working within jurisdiction of the US.

Anne-Sophie Vaucheret, Marine Technical Engineer at Total Lubmarine said of the new product: “We are very happy to bring a new product into our range – and this is something that our customers have been asking for. We pride ourselves on an ability to offer an end-to-end lubrication solution, and with BIO OG PLUS, all of our customer’s needs are covered.”
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HollyFrontier Corporation Reports Quarterly Net Income

HollyFrontier Corporation today reported fourth quarter net income attributable to HollyFrontier stockholders of $521.1 million or $2.92 per diluted share for the quarter ended December 31, 2017 compared to $53.2 million or $0.30 per diluted share for the quarter ended December 31, 2016.

HollyFrontier’s President & CEO, George Damiris, commented, “In comparison to last year, HollyFrontier’s significant financial improvement for the fourth quarter reflects both better refinery operations and the improved macroeconomic environment. Additionally, Lubricants and Specialty Products had a strong fourth quarter led by the Rack Forward Business. We are excited about 2018 based on our improving refinery reliability, our positive outlook for both product cracks and crude spreads, as well as the growth potential of converting a higher percentage of base oil sales into finished products.” MORE

On the Wire and in the News

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Gen III Oil Corp. signs Term Sheet for CAD$72 Million Secured Credit Facility

HollyFrontier Closes Acquisition of Petro-Canada Lubricants Business

Combination of Petro-Canada Lubricants and HollyFrontier’s Tulsa-based Lubricants Business Creates Fourth Largest Specialty Lubricants Producer in North America.

HollyFrontier Corporation today announced the completion of the previously announced acquisition of Suncor Energy’s Petro-Canada Lubricants (“PCLI”) business for CAD $1.125 billion, including working capital with an estimated value of CAD $342 million. All U.S. and Canadian regulatory requirements have been received. HollyFrontier anticipates the acquisition will be immediately accretive to the Company’s earnings per share and cash flow.

The Petro-Canada Lubricants plant, located in Mississauga, Ontario is the largest producer of base oils in Canada with 15,600 barrels per day of lubricant production capacity, and is the only North American producer of high margin Group III base oils. The facility is downstream integrated from base oils to finished lubricants and produces a broad spectrum of specialty lubricants and white oils that are distributed to end customers worldwide. The Petro-Canada Lubricants business brings HollyFrontier industry leading product innovation and R&D capabilities, a global sales and distribution network and strong brand portfolio recognized globally. With this transaction, HollyFrontier also acquired a perpetual exclusive license to use the Petro-Canada trademark in association with Lubricants.

With the addition of the Petro-Canada Lubricants business, HollyFrontier becomes the fourth largest lubricants producer in North America with a capacity of 28,000 barrels per day, or approximately 10% of North American production.

George Damiris, President and CEO commented, “PCLI is a transformative acquisition that advances our long-term vision and strategy. PCLI is a great business with great people, brands, intellectual property, and market presence. Combined with our existing Tulsa specialty lubricants business it creates scale, operational and financial synergies, and a strong platform for growth. The transaction will benefit our stockholders, our current and new employees and Canada, especially as we expand the North American and international reach of PCLI.”

About HollyFrontier Corporation:
HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier operates through its subsidiaries a 135,000 barrels per stream day (“bpsd”) refinery located in El Dorado, Kansas, a 125,000 bpsd refinery in Tulsa, Oklahoma, a 100,000 bpsd refinery located in Artesia, New Mexico, a 52,000 bpsd refinery located in Cheyenne, Wyoming and a 45,000 bpsd refinery in Woods Cross, Utah. HollyFrontier markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In addition, HollyFrontier, through its subsidiary, owns Petro-Canada Lubricants Inc., whose Mississauga, Ontario facility produces 15,600 barrels per day of base oils and other specialized lubricant products and owns a 37% interest (including a 2% general partner interest) in Holly Energy Partners, L.P.

Information about the Company may be found on its website at www.hollyfrontier.com.
Source: HollyFrontier

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