Technology Search
Bio-sustainable lubricants and greases
Client overview
An established manufacturer was seeking to achieve differentiated growth through partnerships, JVs or acquisitions. One area of interest was bio-sustainable lubricants.
Modern lubricants were originally designed to meet strict performance specifications, but mounting environmental and sustainability concerns increased the significance of non-technical criteria for the evaluation of lubricants. The first environmentally acceptable lubricants, (EALs), launched around 1990, were marketed as biodegradable and non-toxic. However, newer bio-lubricants are also bio-sourced and made from plant oils, or from biomass feedstocks.
The search
Strategic Allies Ltd (SAL) initiated a landscaping study to evaluate opportunities in the bio-sustainable lubricants space. The research highlighted several potential opportunity spaces, so the client commissioned a follow-on technology search to identify partners who could support the manufacture of bio-sourced oils and lubricants across the value chain (from the development of novel feedstocks to commercialised end products). Specifically, there was interest in engaging with start-ups and established companies with products and/or technologies that have been commercialised, or have the potential for commercialisation within a maximum of 5 years. The client was also keen to identify and engage with established consultants, organisations and/or experts with expertise in the design and formulation of bio-sourced lubricants. Primary research was used to verify the appropriateness of each technology and its technical and commercial ‘fit’ with the client’s current business.
“the findings have really helped our internal conversations”
Outcome
28 companies and /or experts were progressed for detailed review by the client.
The client took up direct contact with 4 of the 28 opportunities presented by SAL – three technology owners and one subject matter expert.
Samples are currently undergoing evaluation for technical feasibility.