How has ExxonMobilTM evolved over the years?
ExxonMobil has been at the center-stage of the evolution of lubricants as an industrial solution. From finding the Vacuum Oil Company in 1866 to providing a lubrication solution for the first electric generating station, we have stood firm on quality. The ideology of applying the right oil at the right place and time has helped us introduce cutting-edge solutions, which are industry milestones. Our company has always developed lubricants that make high-performance engines and machinery reliable.
What is one of the key ways that the coolants and lubricants industry can bring about sustainable manufacturing, in the long-term? How can it be ensured that leaders in the industry have a commitment towards sustainability?
With the increasing population leading to a rise in the demand for energy, it is imperative to make industrial processes environment-friendly and sustainable. Industry leaders should adopt sustainability as a functioning part of the business model. One way to do so is, by adopting energy efficient lubricants. Mobil’s SHCTM Elite Series of lubricants are of exceptional performance, circulating gear and bearing oils designed to deliver improved oil drain interval and smooth operations.
What are the challenges the coolants and lubricants industry is facing today? How can those be overcome?
The industry is facing a dual challenge, which is to provide affordable and reliable energy while reducing its impact on the environment. However, regulatory policies and evolving technologies are helping address these challenges better. Consumer preferences, backed by the right lubricant technology, hold great potential in making industrial operations sustainable. We are well positioned to provide safe and effective energy solutions to meet future energy demands, while reducing environmental costs.
At what rate is the Indian coolants and lubricants market growing? What are the key drivers in the industry?
The commercial lubricants industry is expected to register a CAGR of 5.0 per cent by 2023. Some of the major factors that will boost the sector are infrastructural developments and the government’s push for cleaner energy solutions. Given this market scenario, the country will see an increased demand for energy efficient industrial lubricants and gear & compressor oil lubes to make industrial processes efficient, productive and sustainable.
How important is the Indian market for ExxonMobil lubricants globally? Can you share the company’s plans for India for the coming years?
The Indian lubricant market is the third largest market in the world behind U.S.A and China, which makes the sector in the country ripe with opportunities. This makes India a high growth region for us. We also lay enormous emphasis on R&D to develop the most effective products and maintenance solutions for our customers. Our scientists and engineers are presently working to develop technologies designed to produce energy in an increasingly safe and environmentally responsible manner.
For instance, to meet the energy demands of our consumers, we offer a wide range of synthetic lubricants. These lubricants can help companies amass energy savings by directly reducing electrical energy consumption or lowering friction and operating temperatures. Mobil SHC™ line of synthetic lubricants is designed to protect equipment operating under severe conditions, including loads and pressures & wide operating temperature ranges. We are also future ready to meet the upcoming BSVI demands and are making the transition to BSVI easier with our excellence in innovating state-of-the-art lubricants.