SKF partners with Quaker Houghton to create a circular economy
SKF, a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services based in Gothenburg, Sweden, has partnered with Quaker Houghton, a global leader in industrial process fluids based in Conshohocken, Pennsylvania, U.S.A.
The partners will create a system that will use Quaker Houghton’s industrial oils and application skills with SKF RecondOil’s Double Separation Technology (DST) to enable the industry to more efficiently utilize its resources. Through this partnership, the circular use of oil will help reduce the industry’s environmental footprint through a reduction in CO2 emissions, lessen the amount of neat cutting oil purchased, and reduce handling and disposal costs.
The tailored solutions will be offered under fee- or performance-based contracts, helping provide Quaker Houghton and SKF customers with future-oriented offers and facilitating their transition into a circular economy.
“Optimized service structures and new business models in factories—seen as eco-systems—will play a central role for all companies. Our collaboration will make the reduction of CO2 a reality for the industry, with improved smart factory services, improved process stability, reduced throughput and cycle time resulting in a significant cost reduction,” said Thomas Fröst, president, Independent and Emerging Businesses, SKF.
“SKF is a valued partner to Quaker Houghton,” said Joe Berquist, EVP, Chief Strategy Officer and Managing Director – Global Specialty Businesses for Quaker Houghton. “This collaboration furthers our shared global commitment to improving the customer experience while also bringing data-based Industry 4.0 solutions.”
The offerings will be introduced gradually throughout Europe, with a long-term aim to offer the circular use of oil worldwide.