- In January 2024, Chevron Lummus Global LLC successfully commissioned the world's largest white oil hydroprocessing unit at Hongrun Petrochemical Co., Ltd. in Shandong Province, China. This facility is designed to enhance the conversion of heavy hydrocarbons into high-value products, showcasing CLG's advanced refining technology and increasing the global supply of high-purity white oils
- In February 2023, Shell introduced a new ultra-pure white oil range specifically designed for use in cosmetic and pharmaceutical applications. This launch highlights the industry's continuous efforts to meet the stringent quality and safety demands of highly regulated sectors, offering specialized solutions for sensitive formulations
- In August 2022, Palmer Holland, a North American specialty chemical distributor, entered into a distribution agreement with Petro-Canada Lubricants. This agreement positions Palmer Holland as the U.S. distributor for Petro-Canada's PURETOL and KRYSTOL lines of high-purity white mineral oils, expanding the reach and availability of these specialized products in the North American market
- In May 2023, Hemisphere Ltd. LLC completed the acquisition of White Oil Co., indicating a trend of consolidation within the fragmented white oil market. Such acquisitions aim to streamline value chains, expand market presence, and enhance competitive positions among key players
- Leading industry players are increasingly investing in research and development to enhance product performance while embracing eco-friendly manufacturing practices. This shift towards sustainability is driven by both regulatory pressures and a growing consumer preference for environmentally responsible products, pushing innovations in biodegradable and bio-based white oil alternatives
