22 February 2014 00:16 [Source: ICIS news]
LONDON (ICIS)--Bringing any “green” product to commercial viability involves finding the best market applications and products, and bio-based base oils will be no different, an expert in sustainable chemicals said this week.
Speaking at the 18th World Base Oils Conference in London, Jens-Christian Blad of McKinsey & Company said that while greenhouse gas emission control for lubricants via bio-based base oils is in a value chain, “end-of-life” solutions that offer production-to-collection protocols for the oils may also need to be addressed.
Blad also pointed out that the timespan needed to bring bio-based products to commercial volumes of production can take decades.
Cost is also key element because “a premium of 5-10% for green products” can be applied, so the correct market applications must be identified, Blad said.
Companies such as Elevance, Novvi and others are working to bring bio-based base oil and lubricants into the market.
The 18th ICIS World Base Oils Conference ends on Friday.
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