Evonik and Tongyi Petrochemical forge partnership for sustainable lubricants
In a move to propel the lubricant industry towards a greener future, Evonik has joined forces with Tongyi Petrochemical, China’s top lubricant producer, to advance the low-carbon development of lubricants. The strategic partnership aims to create a series of sustainable lubricant solutions tailored to the evolving needs of the industry.
The collaboration leverages Evonik’s expertise in high-performance, eco-friendly oil additives and Tongyi’s prowess in oil production and market insights. Together, they plan to introduce cost-effective, high-performance products for automotive lubricants, industrial gear oils, and renewable energy sectors such as wind power. Additionally, the partnership will explore solutions for the burgeoning new energy vehicles market.
A key focus of the alliance is to reduce carbon emissions throughout the supply chain, from sourcing raw materials to selecting packaging materials. The goal is to optimise supply chain management and promote the low-carbonisation of the industry’s value chain.
Maggie Lu, head of Evonik Oil Additives Asia Pacific region, expressed her enthusiasm for the partnership, stating, “We are honored to work with Tongyi, the domestic industry leader. This cooperation demonstrates our commitment to providing sustainable solutions for the industry. We look forward to bringing more value to our customers while contributing to environmental protection and industrial upgrading.”
Li Jia, general manager and CEO of Tongyi, shared his optimism for the collaboration: “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 solid support for the lubricant industry in meeting China’s dual carbon goals.”
The strategic cooperation comes at a time when environmental protection and sustainability are garnering increasing attention. This partnership is expected to open new opportunities for the lubricant industry and contribute to a greener future through continuous cooperation and innovation.
Tongyi Petrochemical, a subsidiary of China Cinda Group, is renowned for its lubricant brands like Tongyi Lubricants, offering high-energy efficiency lubrication solutions across various sectors, including new energy vehicles, motorcycles, engineering machinery, mining, agriculture, shipping, industry, and railways.
Evonik, a global leader in specialty chemicals, operates in more than 100 countries and generated sales of EUR15.3 billion (USD16.5 billion) with an operating profit (adjusted EBITDA) of EUR1.66 billion (USD1.8 billion) in 2023. In the Asia Pacific region, a key driver of global economic growth and innovation, Evonik achieved sales of EUR3.16 billion (USD3.4 billion) in 2023 and employs over 5,000 people at more than 50 sites.
