Croda reviewing whether to divest its lubricants portfolio

Industry Trends

Photo courtesy of Croda UK-based specialty chemical company Croda International said it is strategically reviewing its Performance Technologies and Industrial Chemicals (PTIC) businesses. Croda’s lubricants portfolio, under its Energy Technologies unit, forms part of its Performance Technologies business. Personal Care, Life Sciences and Performance Technologies roughly represented one-third each of Croda’s group revenues in 2020. Industrial Chemicals…

FIA WRC to switch to 100% sustainable fuel from 2022

Industry Trends

The Federation Internationale de L’Automobile or FIA will introduce a 100% sustainable fuel in the FIA World Rally Championship (WRC) from next season, in line with introducing the new generation of power units, which integrate the hybrid technology in Rally1 class vehicles. Rally1, which will replace the World Rally Car in 2022, will place a…

Castrol partners with Pulpex to reduce plastic packaging use

Industry Trends

Photo courtesy of Pulpex Castrol, part of the bp group and one of the leading global lubricant brands, announced a new packaging partnership with Pulpex. Successful adoption of Pulpex technology could substantially reduce Castrol’s plastics use. Pulpex is a first-of-its-kind technology that forms bottles from wood pulp using 100% renewable feedstocks from responsibly managed forests.…