One Equity Partners completes acquisition of Sonneborn from Sun Capital

One Equity Partners (“OEP”), the private investment arm of JPMorgan Chase & Co. has acquired the outstanding shares of Sonneborn Holdings, LLC (“Sonneborn”), from Sun Capital Partners (“Sun”). “The transaction is a pivotal point in Sonneborn’s history. …

Marketplace

PerkinElmer Introduces two new products for high-throughput oil analysis

PerkinElmer, Inc. recently introduced the OilExpress 4 and OilPrep 4 systems which can give faster oil analysis. The company is a global leader with …

Expansion plans of major oil companies to make India a major exporter

India is poised to become a major exporter of petroleum products in the coming years. The country’s major oil companies including Indian Oil …

Original Equipment Manufacturers

Japan’s automobile output up in February

The Japan Automobile Manufacturers Association (JAMA) said that for the fifth straight month, the country’s automobile output was up in February. Output increased by 19.7% from a year before to 952,268 units. The increase is a …

February sales of passenger cars in China slightly down

China Passenger Car Association (CPCA) said that the number of passenger cars sold in China during the month of February rose by 22.3% year-on-year …

Policy, Tax & Regulations

Indian refiners ask government to revert to regulating gasoline prices

India’s state-owned refiners have asked the government to once again regulate the price of gasoline. In June 2010, the government decided to deregulate gasoline …

Vietnam cracks down on filling stations caught hoarding fuel

Vietnam’s Ministry of Industry and Trade (MoIT) confirmed that several filling stations in Ho Chi Minh City, Hanoi, Da Nang, Hue and Dak Lak …

New Projects & Upgrades

NRG Energy to build comprehensive electric vehicle charging network in California

The California Public Utilities Commission and NRG Energy (NRG) have entered into an agreement which gives NRG the right to build an …

PetroVietnam begins expansion of Cai Lan terminal

Vietnam’s second-largest oil importer, state-owned PetroVietnam Oil Corporation, said it has begun expanding the capacity of the Cai Lan terminal from 10,000 cubic meters …

 

Renewable Fuels

Butamax files lawsuit against Gevo

Butamax Advanced Biofuels, LLC, a technology leader in biobutanol, released a statement regarding Gevo’s allegations on …

Alternative Fuels

BYD’s all-electric vehicles to be added to Shenzhen City fleet

BYD Auto Co.,Ltd. (BYD), the Chinese automaker based in Shenzhen, Guangdong Province, announced that 1,000 …

Financials

Oiltanking Partners posts gains in net income for 2011

Oiltanking Partners, L.P. posted a net income of US$11.9 million for the fourth quarter of 2011, which was the same net income during the …

Newsmakers

Lonza appoints new CEO

The Board of Directors of Lonza elected Richard Ridinger as the new CEO of the company. Ridinger will assume office on May 1 this, and will replace …

 

Fuel Economy & Emissions

EPA cites Kia Motors America for fuel economy gains

The U.S. Environmental Protection Agency (EPA) cited Kia Motors America (KMA) in its most recent fuel economy trend report entitled “Light-Duty Automotive Technology, Carbon Dioxide Emissions, and Fuel Economy Trends: 1975 Through 2011.” According to the EPA, Kia “had the biggest …

Lubes, Base Oils & Additives

Prista and Uzbekneftegaz to form JV to recycle used oils

Bulgaria’s Prista Holding EAD and Uzbekneftegaz, the state-owned holding company of Uzbekistan’s oil and gas industry, will form a joint venture company called Uz-Prista Recycling to recycle used oil. The US$15 million enterprise will process 43,000 tons a year of used oil at …

Research & Development

Boeing, Airbus and Embraer sign memorandum of understanding

Three leading airframe manufacturers–Boeing, Airbus and Embraer–had signed a memorandum of understanding to develop drop-in and affordable aviation biofuels. The three companies have agreed that they will jointly seek the cooperation of governments, biofuel …

Mergers & Acquisitions

One Equity Partners completes acquisition of Sonneborn from Sun Capital

One Equity Partners (“OEP”), the private investment arm of JPMorgan Chase & Co. has acquired the outstanding shares of Sonneborn Holdings, LLC (“Sonneborn”), from Sun Capital Partners (“Sun”). “The transaction is a pivotal point in Sonneborn’s history. …