- In July 2021, for heavy-duty and off-highway diesel engines, Valvoline Inc. has introduced a new diesel engine oil called "Valvoline All-Terrain." The product can provide improved viscosity, wear protection, and oxidation stability in demanding situations because it was created for use in hard working environments like construction, mining, and agricultural.
- In April 2021, IMM Private Equity agreed to purchase SK Innovation's 40% share in SK Lubricants for around one trillion won ($900 million). The largest provider of lubrication base oils in the world is SK Lubricants, a South Korean corporation. With this agreement, SK Innovation intends to increase its financial stability and finance future ventures. Private equity company IMM Private Equity is based in South Korea.
