
President, Gaines Family Foundation
Member of the Industrial Council
Lewis Gaines was until 2003, Market Manager of Specialty Lubricant Additives at Infineum. Mr. Gaines has experience in lubricant and fuel additives, diesel and gasoline consumption trends and market issues, and lubricant marketing projects. He has extensive experience in the impacts of these topics on the specialty chemical industry. Prior, Mr. Gaines worked at Tyco Laboratories, Exxon Enterprises, and Exxon Chemical (This is me - Update Profile)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
Lubrizol Surprises as Analysts MIss a Changing Specialty Chemical Environment
October 23, 2009
Lubrizol forecasts 3Q profit above Street view | finance.yahoo.com
Lubrizol and Newmarket both recently announced drastically improved sequential profit margins in a difficult general business environment. The doubling in run rate operating margins in 2009 suggests a structural change in the supplier customer price negotiation process. What happened in the lubricant additives business could also happen in other specialty chemical areas. The key requirement is that suppliers mange their product profile to help improve their customers profitability.
Newmarket Expands Cautiously in Asia's Growing Lubricant Additive Market
July 29, 2009
Afton Invests in Asia Pacific | www.imakenews.com
Newmarket will expand in Asia via toll processing rather than the more typical approach of major plant construction. Their approach is strategically consistent with a relatively small initial market share and a desire to minimize capital investment. The lubricant additives industry continues to avoid overbuilding in a slowly growing global market
Holly's Tulsa Refinery Purchase Opens New Options for Margin Growth in Lubricants
April 22, 2009
Holly Buys Sunoco Tulsa for $65M | www.imakenews.com
Lubricant sales are a hidden gem in the Tulsa refinery purchase. Sunoco has built a good reputation marketing these high margin products. Holly Corp's planned investment in hydrotreatment for ultra low sulfur diesel fuel will offer potential upgrades to the lubricant slate as well. Lubricant base oil has the highest value upgrade over crude of any high volume refinery product. If managed well, Holly's strategic expansion has significant profit potential.
Stable Global Lubricant Demand Will Maintain Profitability of the Industry
March 4, 2009
Hot Lube Markets Will Weather Downturn | www.imakenews.com
Fuchs Petrolube is projecting only a slight decrease in global lubricant demand in 2009 with stable to growing volumes beyond this near term horizon. Stable volumes imply that the lubricant companies will see only minimal volume changes. Public additive suppliers such as Lubrizol and Newmarket should also see little change in their volumes and continued margin stability. The margins of the lubricant marketers such as Fuchs Petrolube, Ashland (owner of Valvoline) and the integrated oil companies should continue to reflect currently strong levels.
IRS Biodiesel Regulations Will Benefit Fuel Additive Companies
January 21, 2009
IRS Proposes Biodiesel Tax Incentive | www.irs.gov
By mandating minimum low temperature performance to obtain important tax credits, the IRS is insuring a growing market for cold flow improvers. These products are well established technically, more economic for the fuel suppliers than most alternatives, and highly profitable for the fuel additive companies that supply them.
| Study Group Name | No. Members |
|---|---|
| Experts in the Leisure & Lodging Council | 4887 |
| Experts in the Automotive Council | 3422 |
| Specialty Chemical Experts | 330 |
| Medical Geneticists (US) | 85 |
| Water Treatment Chemicals Experts | 70 |
September 26, 2006 | Midtown
GLGi: Fuel Additives Market: Trends and Opportunities