Martin Midstream Partners L.P. announces sale of Mega Lubricants

Photo courtesy of Martin Midstream Partners Martin Midstream Partners L.P. announced the sale of certain assets used in connection with the Mega Lubricants shore-based terminals business to John W. Stone Oil Distributor, LLC for USD22.4 million. “The announcement today reflects our continued emphasis on debt reduction through the sale of non-core assets allowing MMLP to…

Chevron Oronite confirms Chinese additives production to start in 2021

Photo courtesy of Chevron Oronite Chevron Oronite said it remains on track to begin commercial production at its Ningbo, China additives manufacturing plant in 2021, as originally scheduled, despite the Covid-19 pandemic which resulted in lockdowns in China earlier this year. Australia’s WorleyParsons was awarded the engineering, procurement and construction (EPC) contract for the China Manufacturing Plant Project…

NLGI launches High-Performance Multiuse grease certification

Photo courtesy of Brugarolas, S.A. The National Lubricating Grease Institute (NLGI) announced the official launch of a new High-Performance Multiuse (HPM) Grease Certification. The well-known NLGI GC-LB Performance Classification has provided an internationally recognised grease specification for grease and bearing manufacturers, users and consumers since 1989. Although originally conceived as an automotive chassis and wheel…