Product Innovation and Enhance Production Capacities Driving Growth of Global Industrial Grease Market
Date : Apr 10, 2018 Author : PMR Editorial Staff Category : Chemical and Material
Asia Pacific to Dominate the Global Industrial Greases Market Owing to Increased Economic Activity and Industrial Production
Utilization of industrial greases remains higher in the manufacturing sections of every industry. Industrial greases are manufactured form different types of base oils such as mineral oil, synthetic oil, semi-synthetic oils and bio-based oil. Along with base oils, different thickeners are added to obtain required quality of grease.
Due to their water resistant quality, industrial greases are highly utilized in the machineries installed in various end-user industry. Innovation in the chemical sector has added multiple innovative greases suitable for end-user application. Owing to increased consumption, key players are focusing on expansion activities to enhance their production capacities.
BASF to Present Fire-Resistant Grease at World Tunnel Congress
BASF’s Construction chemical division is a leading provider of specialty construction chemicals worldwide. The division has recently added a new fire-resistant grease MasterRoc TSG 800 in its Master Builder Solutions product range for tunnel boring machines.
The new grease has lower density which reduces consumption by consumers and its innovative packaging provides easier recycling solutions. Master Builders Solutions specialist from BASF will showcase this new grease under innovative chemical category at this year’s World Tunnel Congress in Dubai.
ExxonMobil to Install a New Lubes Reactor : ExxonMobil, the largest oil and gas company has plans to expand its Singapore-based refinery by enhancing its base-oil production. For the same, ExxonMobil has recently installed a new lubes reactor in this refinery. The reactor is the largest and the heaviest equipment of the Singapore facility which will strengthen the production and global supply of EHC Group II product line. This product line is known to maximize the performance of automotive engine oil grades and finished lubricants.
SKF to Introduce Grease Filling Filter
SKF is a leading manufacturer of industrial bearings and seals. The company has recently announced Lincoln small grease reservoir filling filter. The new line of filters prevent entry of contamination in the lubrication system which occurs during the filling-process of small sized reservoirs. The filters are easy-to-install as well as easy-to-clean.
In addition, the filters are suitable for automated lubrication systems and find application in multiple industries such as general industry, off-road construction, small mining equipment, over-the-road trucking, construction, wind energy, and agricultural applications.
Calumet Acquires Biosynthetic Technologies
Calumet Specialty Product Partners is a leading manufacturer of specialty hydrocarbon and fuel products. It has recently announced acquisition of Biosynthetic Technologies LLC, a startup company that focuses in production of plant-based sustainable oils, including lubricants. The acquisition will merge technology excellence of both companies to deliver premium specialty petroleum products.