SKF announced it has entered into a collaboration that will combine Quaker Houghton’s industrial oils and application expertise with SKF RecondOil’s Double Separation Technology (DST) to enable the industry to more efficiently utilize its resources by reducing the unsustainable linear of use of oil.
The circular use of oil will also 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 whilst providing significant performance improvements, SKF says.
The tailored solutions will be offered under fee- or performance-based contracts, helping provide Quaker Houghton and SKF customers with future-oriented offers and facilitate 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 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 is a valued partner for Quaker Houghton and shares a common motivation for providing differentiated solutions and services to enable our customers to improve their businesses. This collaboration builds on our combined global expertise, shared goal to improve the customer experience, and intent to bring data-based Industry 4.0 offerings and more sustainable solutions to market,” said Joe Berquist, EVP, chief strategy officer and managing director – Global Specialty Businesses for Quaker Houghton.