The Lubrizol Corporation®, a leading specialty chemicals company, announces its expansion into the separation solutions market, a $140 billion industry critical to processing applications in food, beverage and various manufacturing and municipal markets.
Incredibly, 10 percent of the world’s energy is used annually in industrial filtration and separation processes, an issue driven by increasing capacity demands in a space short on innovation. Lubrizol aims to reduce that number and improve end-use throughput by drawing on its core strengths.
”Lubrizol’s entry into this market complements our broader corporate development activity underway,” stated Matt Joyce, vice president, corporate new business development. “We are focused on bringing differentiated technologies, formulating competencies and testing capabilities to create better application-based solutions. Addressing market challenges, developing more energy efficient solutions and delivering meaningful benefits to our customers’ business is the centerpiece of our work.”
The company’s deep knowledge of and established relationships within the water treatment and industrial processing markets affords it a unique perspective missing in today’s market.
“There are definitely opportunities for scalable, step change improvement in separations technology that’s out there today,” explained Michael Fornes, director of Lubrizol’s new Separation Solutions business. “As a company with decades of materials formulating experience and who can synthesize scalable molecules specific to separation application requirements, we are positioned to take on that challenge.
“By applying learnings from our strong background, we can improve on existing solutions to create productivity gains for multiple industries in the way of better processing efficiency and durability, while also reducing energy use and waste.”
The company plans to deliver its first offering to the market later this year, with future application-based developments on the horizon.
The Lubrizol Corporation, a Berkshire Hathaway company, leverages its unmatched science and innovation to solve complex challenges for customers, drive sustainable and measurable results and help millions of people, communities and businesses around the world move cleaner, create smarter and live better every day. Founded in 1928, Lubrizol owns and operates more than 100 manufacturing facilities, sales and technical offices around the world and has approximately 8,600 employees. For more information, visit www.Lubrizol.com.
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Celeste Conklin, Director, Global Communications