One of the world leaders in specialty chemicals Evonik and Tongyi Petrochemical, China’s leading lubricant manufacturer signed a strategic cooperation agreement to jointly promote the green transformation and development of the lubricant industry. The two companies will work together to create a series of low-carbon lubricant solutions based on the upgrading and transformation needs of the lubricant industry, and jointly propel the industry's move towards sustainability.
According to the agreement, Evonik will leverage its technical expertise in high-performance and environmentally friendly oil additives, combined with Tongyi’s experience in oil production and market know-how, to jointly develop high performance and cost-effective product solutions. These solutions are expected to be widely used in automotive lubricants, industrial gear oils, and clean energies such as wind power etc. Moreover, the two companies will actively explore and develop solutions for emerging applications for the fast-growing new energy vehicles industry.
Another focus of the cooperation is that the two companies to work together to reduce carbon emissions along the supply chain, from raw material procurement, additive production, and packaging material selection, with an aim to optimize supply chain management and promote the overall low-carbonization of the industry value chain.
“We are honored to work with Tongyi, the domestic industry leader,” said Maggie Lu, Head of Evonik Oil Additives Asia Pacific region. "This cooperation demonstrates our commitment on providing sustainable solutions for the industry. We look forward to bringing more values to our customers while contributing to environmental protection and industrial upgrading."
Li Jia, General manager and CEO of Tongyi, expressed his expectations for the cooperation: "Tongyi Lubricants is committed to green product development and production. We believe that cooperation with Evonik will accelerate our product innovation and market expansion, helping us achieve low-carbon development goals, and provide a solid support for the lubricant industry in meeting China's dual carbon goals."
With increasing attention to environmental protection and sustainability, this strategic cooperation will bring new opportunities to the lubricant industry. The two companies will fulfill the agreement actively and contribute to a greener future through continuous cooperation and innovation.
Tongyi Petrochemical is a subsidiary of China Cinda Group. It owns well-known lubricant brands such as Tongyi Lubricants and provides high-energy efficiency lubrication solutions for the entire industry chain of card and passenger cars, new energy vehicles, motorcycles, engineering machinery, mining, agricultural machinery, ships, industry, and railways.
