Novvi recently unveiled new 100-percent renewable base oil products, including a 100-percent renewable polyalphaolefin (PAO) Group IV and a 100-percent renewable version of its NovaSpec Group III+ base oil.
The company's renewable PAO is a clean, direct replacement for conventional Group IV PAO base oils derived from petroleum and natural gas.
The 100-percent renewable NovaSpec base oil is formulated to enable oil producers to blend renewable content more flexibly and efficiently while offering a combination of performance and environmental properties.
"Renewable oils offer customization of specs and performance that differentiate them from conventionally produced oils," said Pavel Molchanov, senior vice president and equity research analyst at Raymond James. "A renewable oil that competes on performance and price is well-positioned for the multi-billion dollar lubricant and base oils market."
Novvi oils are manufactured from renewable and sustainable feedstocks with the company's advanced biotechnology and pioneering chemical conversion process.
The company is currently taking orders from its plant in Houston, Texas, and will scale production through strategic industry partnerships.
The NovaSpec base oil is shipped to a wide range of customers in the automotive, marine and industrial markets around the world.
For more information, visit www.novvi.com.