“We are committed to delivering the highest quality bio-based lubricants and as we expand our global footprint.”
US-headquartered bio-based base oil maker Biosynthetic Technologies will be teaming up with UK-based SIP Speciality Oils and Fluids to help expand its footprint into the European market.
Under the terms of the agreement partnership, SIP will market and promote Biosynthetic Technologies’ biosynthetic base oils to industrial markets across Europe.
Biosynthetic Technologies (@BiosyntheticT) manufactures what it describes as a “new class” of bio-based synthetic compounds called Estolides that are made from organic fatty acids found in various bio-derived oils.
These biosynthetic oils are used in applications such as lubricants. It is also used in the automotive sector, marine sector, and pharma and personal care.
“We are incredibly excited about this recent agreement with SIP Speciality Oils and Fluids, as our organisations are very much aligned in our goals and values,” Biosynthetic Technologies CEO Mark Miller.
He added: “We look forward to providing customers in Europe with our high-quality synthetic base oils leveraging the excellent reputation of our new partner SIP Speciality Oils and Fluids.”
Dr. Matt Kriech, COO at Biosynthetic Technologies, said the agreement with SIP increased the availability of its biosynthetic base oils across Europe, which he described as “an essential region to us”.
“We are committed to delivering the highest quality bio-based lubricants and as we expand our global footprint, we will endeavour to put distribution agreements in place that will allow us to meet the needs of our environmentally-aware customers.”
London-based SIP is an independent marketer of speciality oils, fluids and additives and has been active in the European market for more than 30 years.
SIP Managing Director Steve Spencer said that SIP was looking forward to partnering with Biosynthetic Technologies to “achieve our common goals in the area of renewable and sustainable base oils”.
More and more companies are opting to use bio-based oils for their products due to a growing industry and consumer demand for sustainable solutions. For example, earlier this year, Sweden-based petroleum products company Nynas has unveiled its first bio-based tyre and rubber process oil.
According to the company, its bio-based oil called Nytex Bio 6200 has been launched to help companies meet their sustainability goals.
Tyre giant Michelin also announced that it was leading a project to create a new bio-based adhesive resin without any ‘substances of very high concern’ (SVHC) classified compounds.