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oils while creating new performance requirements in cooling and transmission fluids. The growth in electric and hydrogen fuel cell vehicles will create new opportunities and challenges for the lubricants industry. Already many lubricant marketers have stepped up to the challenge by launching new products dedicated to servicing electric vehicles.
A Complicated Future Europe and North America will take divergent paths to sustainability. This will complicate the business environment of global lubricant companies as well as automotive and industrial equipment OEMs and lubricant basestocks and additive companies. The suite of technologies and products they deploy in each region will be different.
Global lubricant companies will need to prepare for a future with global demand declining and some regions continuing to grow. A successful hydrogen economy in Europe will create demand for new fluids and greases even as the demand for lubricants declines. The other parts of the world, especially the Americas and Asia, may not take up hydrogen as their preferred solution for carbon reduction. Here, lubricant companies need to be ready to work with various partners – OEMs, industrial customers, fleets, and consumers, to deploy products and technologies that offer incremental improvement in sustainability.
LINK
https://klinegroup.com/
EU Green Hydrogen Plan: The EU plan proposes the installation of at least 40 GW of renewable hydrogen electrolysers by 2030 allowing 10 million tons of green hydrogen to be produced. If we assume that 2% of this production goes toward trucking / refuelling stations and that fuel cell trucks have a fuel economy of 8.3 kg per 100 kilometres; then about 2.4 billion kilometres of truck running can be powered by green hydrogen. In other words, about 22,000 trucks could be converted from ICE to fuel cell technology. This will eliminate a significant amount of fuel and lubricant demand. To this, if we add demand decline due to demographic and technology factors, it is no wonder that European oil companies are in a hurry to restructure. Their refining, distribution, and retailing capacity will have significant surplus if this plan fructifies. On the positive side, the green hydrogen plan will create demand for customized heat transfer fluids and greases. One issue that the hydrogen economy will have to deal with is the increase in water consumption when hydrogen is generated by electrolysis of water. This will increase water scarcity in dense population centers.
Lube 34 LUBE MAGAZINE NO.161 FEBRUARY 2021
THE EUROPEAN LUBRICANTS INDUSTRY MAGAZINE
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