Global Offshore Lubricants Market Trends

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Global Offshore Lubricants Market Size, Share, and Trends Analysis Report Trends

  • Chemical and Materials
  • Sep 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

“Rising Adoption of Bio-Based and Environmentally Acceptable Lubricants (EALs)”

• Growing environmental regulations, such as the U.S. EPA’s Vessel General Permit (VGP), are encouraging the use of Environmentally Acceptable Lubricants (EALs) in offshore operations
• EALs offer high biodegradability, low toxicity, and reduced bioaccumulation, making them suitable for sensitive marine ecosystems
• Oil and gas companies are incorporating EALs to meet sustainability goals and improve compliance with international marine safety and environmental standards
• Technological advancements in bio-based formulations have enhanced the performance of EALs, making them comparable to traditional mineral-based lubricants
• For instance, ExxonMobil introduced the Mobil SHC Aware series, a line of high-performance EALs tailored for marine and offshore applications, to meet rising demand for eco-friendly solutions