by Suzanne Kingsbury | Jan 2, 2025 | Environment
Oil industry sustainability is a major goal for companies like Chevron and Shell. These industry leaders are wielding their resources to create a more eco-friendly future in the ever-evolving energy space. Shell CEO Wael Sawan has outlined the strategy for the...
by Suzanne Kingsbury | Nov 4, 2024 | Economy, Environment
The electric vehicle (EV) market is growing. From 2020 to 2023, their share of total sales grew from 4% to 18%, and as early numbers roll in, experts estimate that 17 million EVs will be sold in 2024 alone. With increased adoption, there is also an imperative for...
by Suzanne Kingsbury | Sep 3, 2024 | Environment
This summer, as Olympians competed in Paris, Renkert Oil earned a medal of our own. In July we officially earned a bronze rating from Ecovadis, putting us in the top 35% of all rated companies. This is based on a detailed scorecard tracking Renkert’s sustainability...
by Suzanne Kingsbury | Jul 15, 2024 | Environment
Process oils are important in the production of a variety of products from tires to textiles to thermoplastic elastomers. And recycled, re-refined oil is poised to make a huge impact on the entire industry. Valued at $73 billion in 2023, by 2029 the market for...
by Jim Donohue | Aug 15, 2023 | Product Applications, Supply Security
Demand for bio-based oil has quietly accelerated in recent years, driven by a rapidly growing market for bio-based thermoplastic elastomers (TPEs). Valued at about $513M in 2023, the market is expected to grow at an astonishing 14 percent CAGR (compound annual growth...
