About Q8Oils
We develop products, services, and solutions that help our customers reduce friction, decrease energy consumption, and increase equipment lifetime. Our commitment to increase the profitability and sustainability of our customers’ businesses is at the core of what we do. Sustainability is an integral part of our company mission.
We are active in over 90 countries and operate in four key sectors: metalworking, energy, general industry, and automotive.
Global Sustainability Challenges
Q8Oils acknowledges the pressing global challenges that our world faces:
- Global extraction of raw materials has tripled over the last 50 years.
- Resource extraction is responsible for 50% of greenhouse gas emissions and 90% biodiversity loss.
- 70% increase in waste production by 2050.
- Only 12% of materials used in EU industry comes from recycling.
- 50% increase in world energy use by 2050.
We understand the urgency of addressing these issues and we believe that the lubricant industry can play a significant role in mitigating these challenges.
We want to take our full responsibility in agreement with the EU Green Deal, climate law proposals and the developments in society. We have aligned our sustainability commitment with the KPC (Kuwait Petroleum Company) objectives. By 2030 we aim to reduce our greenhouse gas emissions by 55%, with the ultimate goal of being completely carbon neutral by 2050.
Our Plans for the Future
As we look ahead to the future, Q8Oils is committed to taking even greater strides towards sustainability. Some of our key initiatives include:
- Product Carbon footprint calculation of our products: This is the CO2 DNA of our products which will be improved through innovation over time.
- Further Handprint Improvements through Innovation: We are continuously investing in research and development to create products that have a higher positive impact on the environment, including lower carbon footprints and reduced toxicity.
- Sustainable Packaging and Waste Strategy: We are actively working on sustainable packaging solutions to reduce waste and promote recycling. Our initiatives include using recycled materials for packaging and exploring options such as bag-in-box packaging.
- Green House Gas Reductions in Production Plants: We are committed to reducing greenhouse gas emissions in our production facilities through the use of green energy and other emission reduction programs.
- Compliance with Legislative Changes: We are staying aligned with evolving legislation, including the EU Green Deal and Climate Laws, to ensure our operations remain sustainable and responsible.
- Supply Chain Optimization: We are working to optimize our supply chain, address challenges in the availability and pricing of sustainable raw materials, and enhance our sustainability efforts.
- Closing the Loop: We are working on a comprehensive approach to collecting and re-refining lubricants, reducing waste and promoting sustainability.
- Reduced Toxicity: We aim to reduce the use of classified and labeled chemicals, offering environmental-friendly alternatives in our products.
- Detailed analysis of the life cycle Figures: We are responding to the growing demand for detailed analysis of the Life Cycle from our customers by providing comprehensive data on our products.
Conclusion
In conclusion, Q8Oils is dedicated to being a leader in sustainability within the lubricant industry. Our commitment to reducing environmental footprints and increasing positive handprints is at the heart of our vision for a greener, more sustainable future. With a focus on innovation and a comprehensive approach to addressing global challenges, we are paving the way for a more sustainable and environmentally responsible lubricant industry.