Seeking Partners to Develop High Performance Bio-sourced oils, Lubricants and Fuels
IPI is working with our Open Innovation partner from UK to source for partners to develop high performance bio-sourced oils, lubricants and fuels.
Their client is an established manufacturer of high performance industrial lubricants, greases and fuels interested in developing their bio-sustainable offerings. Mounting environmental and sustainability concerns has shifted significance towards non-technical criteria for the evaluation of lubricants, and there is growing demand for more sustainable options. Early offerings were biodegradable and non-toxic but often derived from petrochemicals. Newer bio-sourced lubricants are made from plant oils or biomass feedstocks. Depending on the base stock used, chemical and oxidative stability and corrosion resistance of bio-sourced lubricants can be an issue, but improvements can be made through chemical modification of the oil, or through the use of additive packages. Therefore, to support development of bio-sourced lubricants, there is also a requirement for additives compatible with bio-based base stocks that are themselves environmentally friendly.
The client has an established client base and global manufacturing and sales operations that provide routes to market for new and growing companies. The client is interested in potential collaboration with groups looking to commercialise relevant technologies and companies who will consider a variety of collaborations, ranging from trading partnerships, licensing through to joint venture, investment and acquisition.