There is an argument – frequently heard within the lubricants industry – that lubes and the companies that supply them contribute to the environmental sustainability of all industry, indeed of much human activity. By reducing and preventing wear, they reduce energy consumption and prolong the life moving equipment, thereby conserving natural resources.
But what about the sustainability of lubricant businesses themselves? Lube marketers – along with companies that supply them base stocks, chemical additives and other goods and services – can be held to the same expectations as other businesses in terms of impacts of their own operations on the environment, employees and their communities. Increasingly it appears that they are being held to such expectations, or eventually will be, by customers and governments.
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