MOSCOW (MRC) -- The Lubrizol Corporation has announced its new Lubrizol PV1116 additive solution for oil marketers seeking to establish leadership with higher-performance, fuel efficient lubricants, as per the company's press release.
Lubrizol's advanced chemistry delivers fuel economy benefits beyond ultra-low viscosity (ULV), and its availability offers the company the opportunity to lead in this important new market space.
OEMs strive for increased fuel efficiency without compromising durability and protection-and ULV lubricants are critical in achieving those goals. The development of PV1116 is a direct result of the company's ability to anticipate market needs and its commitment to driving the industry forward toward advanced, higher-performance lubricants that contribute to unprecedented fuel economy gains.
"Through its continued market engagement and dedicated product development, Lubrizol is able to identify market needs and offer oil marketers the chance to lead in the ULV space," says Jon Vilardo, Lubrizol product manager, Engine Oils. "We are the first in the industry with this sort of technology, and it's an important step toward the advanced, higher-performance lubricants that modern fuel efficient engines require."
As MRC informed previously, in April 2014, Lubrizol Corporation announced the groundbreaking for a new TempRite chlorinated polyvinyl chloride (CPVC) compounding plant in Dahej, India. Construction of this plant is an integral component of the company's previously announced USD400 million global expansion of its resin and compounding manufacturing capacity.
The Lubrizol Corporation, a Berkshire Hathaway company, is an innovative specialty chemical company that apart from its production develops and supplies technologies to customers in the global transportation, industrial and consumer markets. Lubrizol's advanced polymer technology delivers exceptional performance for the plumbing, fire sprinkler, industrial and other building and construction related applications. Lubrizol is providing innovative solutions for its customers high-performance application needs and remains committed to ongoing investment in its CPVC capabilities that support future growth. With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 8,000 employees worldwide. Revenues for 2014 were USD7 billion.