European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
No Result
View All Result
Home < INDUSTRIES Industrial

SKF and Quaker Houghton enter collaboration to deliver circular use of oil

by Marie Weil
July 22, 2022
A A
Share on LinkedinShare on Twitter

SKF and Quaker Houghton (NYSE: KWR), the global leader in industrial process fluids, have entered into a new collaboration to offer industrial customers a fully circular use of industrial oil.

Gothenburg, Sweden 21 July 2022: SKF has entered into a collaboration that will combine Quaker Houghton’s industrial oils and application expertise with SKF RecondOil’s Double Separation Technology (DST) to enable the industry to more efficiently utilize its resources by reducing the unsustainable linear of use of oil. The circular use of oil will also help reduce the industry’s environmental footprint through a reduction in CO2 emissions, lessen the amount of neat cutting oil purchased, and reduce handling and disposal costs whilst providing significant performance improvements.

The tailored solutions will be offered under fee- or performance-based contracts, helping provide Quaker Houghton and SKF customers with future-oriented offers and facilitate their transition into a circular economy.

Thomas Fröst, President, Independent and Emerging Businesses, says: “Optimized service structures and new business models in factories – seen as eco-systems – will play a central role for all companies. Our collaboration will make reduction of CO2 a reality for the industry, with improved smart factory services, improved process stability, reduced throughput and cycle time resulting in a significant cost reduction.”

Joe Berquist, EVP, Chief Strategy Officer and Managing Director – Global Specialty Businesses for Quaker Houghton, says: ”SKF is a valued partner for Quaker Houghton and shares a common motivation for providing differentiated solutions and services to enable our customers to improve their businesses. This collaboration builds on our combined global expertise, shared goal to improve the customer experience, and intent to bring data-based Industry 4.0 offerings and more sustainable solutions to market.”

The offerings will be introduced gradually throughout Europe, with a long-term aim to offer circular use of oil worldwide.

Tags: < ESG | Sustainability

Related Industries

Industrial

Schneider Electric investing €40 million in new smart factory in Hungary

March 23, 2023
default
Industrial

Voith Hydro opens new center of competence for generator components

March 8, 2023
Industrial

Carrier Makes Donation to the European Food Banks Federation to Help Reduce Food Insecurity in Europe

March 8, 2023
Industrial

Henkel launches novel Sensor INKxperience Kit for IOT sensor engineering with printed electronics technologies

February 23, 2023
Industrial

Sandvik announces changes to the Group Executive Management

February 22, 2023
Industrial

Carrier Transicold Celebrates 25 Years of Service Partnership with EIGRO Transportkälte GmbH

February 17, 2023

GE Renewable Energy continues to add wind power to Lithuania

March 3, 2023

...

Thierry Koskas Is Appointed Citroën Brand CEO and Stellantis Chief Sales & Marketing Officer

February 24, 2023

...

Xiaomi Begins Product Carbon Footprint Assessment and Champions Sustainable Living Awareness

February 27, 2023

...

Allianz to invest in 960MW offshore wind farm He Dreiht in the German North Sea

March 24, 2023

...

UBS to acquire Credit Suisse

March 20, 2023

...

ELC Partners with boom! to Empower Women in Supply Chain in the UK and Worldwide

March 7, 2023

...

Joachim Aelvoet is the new Country Executive of ABN AMRO in Belgium

March 9, 2023

...

Dominik Risse takes over as head of LANXESS Urethane Systems Business Unit

February 25, 2023

...

ABN AMRO Sustainable Impact Fund invests in Fairphone

February 25, 2023

...

Huawei’s Green Target Network and 5G Smart Ocean Projects Win Multiple GTI Awards

March 4, 2023

...

Asia Pacific Business Asia Pacific Business Asia Pacific Business

EUROPEAN BUSINESS is a premier source of corporate news, business information and insights across broad spectrum of industries in Europe and worldwide.  We are one of the members of the Business World Network.

RESOURCES

  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

CONTACT US

EDITORIAL:     editor # european-biz.com

PARTNERSHIP:     partnership # european-biz.com

HUMAN RESOURCE:     hr # european-biz.com

* (replace # with @)

  • Official Site

Copyright © EUROPEAN-BIZ.COM All rights reserved.

No Result
View All Result
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

Copyright © EUROPEAN-BIZ.COM All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist