Today, many “bio-lubes” based on vegetable oils can be found on the market. Their performances are often less effective than petroleum-based products. For instance, the shelf life of existing biodegradable solutions is usually limited and after 6 to 8 months the product starts decomposing and doesn’t perform as required.
There is a need for a versatile biodegradable lubricant to replace existing petroleum-based products. But the performance of this product should be comparable to petroleum-based products (see below for detailed specifications).
The SpecialChem Client is a lubricant manufacturer who is willing to extend its portfolio of portable lubricants for multi-purpose industrial usage with a biodegradable lubricant. The targeted markets are within the mining, marine and oil/gas exploration industries.
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The expected US market is 10,000- 50,000 units sold (1 or 5 gallons, and aerosol container) within the first year and over 100,000 units in future years. |