What is the demand for biolubricants and Eco friendly biodegradable oil?

The use of Eco friendly bio degradable oil by industry is still in its infancy and there's much left to be done. However, quite recently, a team of experienced researchers from the University of Huelva successfully developed an eco friendly lubricating grease based on Ricin oil and cellulose derivatives. This bio degradable oil does not contain any polluting component used in the manufacture of traditional industrial lubricants, and as such can reduce the effect of oil on the environment.

The biolubricants market currently constitutes only a small portion of the worldwide lubricant market. Widespread usage of Eco friendly biodegradable oil is currently limited on account of its high pricing; estimated to be at least 2-3 times more expensive than standard oil. Future growth in diversified markets worldwide will be a gradual process based on slow replacement and specific legislative norms