Page 13 - ILMA Compoundings - September 2021

In the Know

LUBES CERTIFIED AS ‘MADE IN USA’
When American Refining Group (ARG) received “Made in USA” certification in
2013, it became the first oil refinery to attain the distinction through a rigorous
third-party supply chain audit. ARG remains the only oil refinery with the Made
in USA certification, which affirms that its product lines are derived entirely from
U.S. sources. Since its 2009 founding, Florida-based Made in USA has certified
over 3,700 companies and 17,000 products, including commonly known items
such as Shop-Vac, Excel Dryer and Mondavi wine, said Adam Reiser, the compa-
ny’s co-founder and chief technology officer. More details about the certification
process can be found at verity.one.

NAM AND THE MANUFACTURING INSTITUTE REVEAL CREATORS
WANTED EXPERIENCE
The National Association of Manufacturing (NAM) and the Manufacturing
Institute have unveiled their Creators Wanted experience, previewing it in Dallas for
NAM’s executive committee and local business leaders, workforce development offi-
cials and media. It’s a “mobile manufacturing experience” that will embark on a tour
across the country with the purpose of showing Americans what modern manufac-
turing is all about. NAM President and CEO Jay Timmons is looking forward to
its impact: “Creators Wanted will help a new generation of emerging and displaced
workers see themselves in a modern manufacturing career, while also adding to the
industry’s talent pipeline by engaging veterans, women and communities of color,
all critical to expanding the workforce of tomorrow,” he said.

AUSTRALIAN OIL COMPANIES BALK AT DECOMMISSIONING LEVY
The Australian government’s proposed levy for decommissioning offshore fields is
being slammed as “over the top” by the country’s oil industry lobby organization.
According to Reuters, Andrew McConville, CEO of the Australian Petroleum Pro-
duction & Exploration Association, also said the government should explore other
avenues to recoup costs. His remarks came in late June, after the Australia Depart-
ment of Industry announced the 48 Aussie cent per barrel charge (roughly 36 U.S.
cents). The situation comes on the heels of Northern Oil & Gas Australia’s 2019
demise, necessitating the removal and rehabilitation of its Laminaria-Corallina
oil fields in the Timor Sea. The overall cost of decommissioning may well exceed
an early estimate of one-quarter billion dollars (Australian), which is about $190
million U.S dollars, Reuters reported.

REFINING EXTRACTION WOES BESET NIGERIA
A scarcity of refining capacity in the country, among other factors, is wreaking
significant economic damage in Nigeria, according to reporting by The Guardian.
The lack of extraction for basic fuels and other petroleum products from its own
terrain has left the African country increasingly dependent on lubricant imports,
the Lagos Chamber of Commerce and Industry (LCCI) said. The LCCI also cited
inefficiency, corruption and waste as key issues.

11