- In June 2024, Global Heat Transfer introduced Globaltherm 55, a synthetic heat transfer fluid tailored for moderate-temperature applications, offering greater cost efficiency over conventional mineral oil-based fluids throughout its service life. This launch highlights the increasing preference for high-performance and economically viable thermic fluids in industrial heat management systems
- In February 2024, Castrol unveiled a refreshed brand identity featuring a modern design, marking a strategic move to diversify beyond traditional lubricants. The company is actively developing a comprehensive range of advanced EV Fluids—such as EV Thermal Fluids, Transmission Fluids, and Greases—under the Castrol ON line. This evolution reflects the growing significance of thermal fluid technologies in the expanding electric vehicle ecosystem
- In February 2024, SK Enmove signed a Memorandum of Understanding (MOU) with Iceotope Technologies and SK Telecom to explore advanced cooling solutions for data centers. The collaboration aims to integrate SK Enmove’s thermal fluids into Iceotope’s precision liquid cooling systems and evaluate their effectiveness in SK Telecom’s AI Data Center Testbed. This initiative emphasizes the role of thermic fluids in supporting next-gen cooling infrastructure for digital transformation and AI technologies
- In January 2022, Linde plc partnered with Yara to build a 24 MW green hydrogen plant, representing a major advancement in sustainable hydrogen production. This venture underscores the rising demand for thermic fluid systems to manage heat efficiently during hydrogen generation processes. The development reinforces the strategic value of thermal fluids in the renewable energy supply chain
- In December 2021, Chart Industries collaborated with Howden to enhance hydrogen capabilities by incorporating Howden’s gas compression technologies. This partnership strengthens Chart’s hydrogen portfolio while emphasizing the need for high-efficiency thermic fluid systems in gas compression. The alliance further solidifies thermic fluids as vital components in the hydrogen value chain and industrial process efficiency
