- In April 2023, Exxon Mobil announced plans to invest USD 110 million in establishing a lubricant manufacturing facility in India. This plant, set to become operational by the end of 2025, will have the capacity to produce up to 159 million liters of lubricants annually. It aims to meet increasing demand across a variety of industries, including manufacturing, steel, power, mining, construction, and both commercial and passenger vehicle sectors.
- In July 2022, Chevron Corporation introduced a new synthetic grease that meets the 2013 Vessel General Permit (VGP) requirements for environmentally acceptable lubricants. This biodegradable grease is designed for broad applicability and features excellent flow properties, making it well-suited for centralized lubrication systems and supporting sustainability efforts.
- In December 2020, Axel Christiernsson launched ALASSCA 762 BD, a biodegradable heavy-duty grease that adheres to both the VGP regulations and the Swedish Standard 155470.0, providing a greener option for demanding industrial applications.
- In November 2020, Chevron and Novvi LLC revealed the production of their first fully renewable base oil at Novvi’s Deer Park facility in Houston, Texas. By upgrading processing systems and removing bottlenecks, the facility now operates independently, enabling the manufacture of entirely clean and sustainable base oils.
- In May 2020, FUCHS partnered with BASF to develop environmentally responsible lubricant solutions. As part of their collaboration, the companies conducted an Eco-Efficiency Analysis on mineral oil-based hydraulic fluids to support data-driven sustainability assessments. Their joint effort focuses on creating lubricants that support ecological stewardship.
