China's oil companies are gaining international certifications to sell abroad
Facing tough competition in the domestic market, China's oil companies, small and large alike, are looking overseas as they gain ground in new product development with stricter regulations encouraging them to produce higher quality lubes.
Sinopec has received approval for its R5322C axel grease for use in mining equipment and heavy duty vehicles, a process which took three months to complete. Internationally, the firm has also gained the Fives Cincinnati P68 and P70 accreditation for its hydraulic oils. Cincinnati is one of MAGs three top brands.
Meanwhile, Hengst, a small Chinese lubes producer, has unveiled its latest low carbon lubricant. The high tech lube has already gone gained SGS and TUV accreditation with the aim of being compliant within future phases of Europe's strict REACH regulations.
According to Hengst, the lubricant can improve fuel efficiency in gasoline-powered cars by 12%, and 8% in diesel ones, improving overall engine efficiency by 20% and reducing emissions by approximately 30%.