- In June 2024, Castrol, part of the BP Group and a significant player in the metalworking fluids sector, invested US$ 50 million in Gogoro, a Taiwanese electric scooter company.
- In May 2024, Integrated Power Services (IPS), a North American firm specializing in the servicing and remanufacturing of electrical and mechanical systems, acquired the UK-based Houghton International, a well-known name in the metalworking fluids market.
- In February 2024, Castrol, a leading contributor to the metalworking fluids industry, launched Transaqua SP-HC—a new addition to its Transaqua hydraulic control fluid range. This fluid is engineered for use in subsea production control systems, offering robust protection for such offshore operations.
- In October 2023, Chevron Corporation, via its subsidiary Chevron Brands International LLC, signed a long-term partnership agreement with Hindustan Petroleum Corporation Limited (HPCL).
- In December 2022, SKF collaborated with Castrol to promote circular usage of industrial lubricants, giving Castrol’s industrial clients access to SKF’s integrated RecondOil Double Separation Technology (DST) systems.
- In October 2022, Quaker Houghton, a global leader in process fluid solutions, showcased an extensive range of industrial products at FABTECH 2022, Booth B5159.
- In October 2022, CF Industries and ExxonMobil entered into a major commercial agreement to capture and permanently store up to 2 million metric tons of carbon dioxide annually from CF Industries' manufacturing facility in Louisiana.
