The Lubrizol Corporation
29400 Lakeland Boulevard, Wickliffe, Ohio 44092-2298
News Release
Lubrizol Announces Membership in Roundtable on Sustainable Palm Oil
CLEVELAND, December 19 2014 - The Lubrizol Corporation announces the acceptance of Lubrizol Advanced Materials into the Roundtable on Sustainable Palm Oil (RSPO) association. RSPO is a not-for-profit association that unites stakeholders from seven sectors of the palm oil industry - oil palm producers, palm oil processors or traders, consumer goods manufacturers, retailers, banks and investors, environmental or nature conservation non-governmental organizations (NGOs) and social or developmental NGOs - to develop and implement global standards for sustainable palm oil. Certification for membership is based on very stringent guidelines.
"We are extremely proud of this achievement," said Jeff Carey, global product management director for Lubrizol personal and home care. "We are dedicated to helping our customers reach their sustainability goals and become RSPO compliant, and being a member of RSPO is consistent with our growth strategy to provide solutions to the personal and home care global market."
Lubrizol has engaged all current suppliers of palm-oil derivatives and has determined that each is compliant with one of the RSPO supply chain models. The company will continue to engage with current and new suppliers of palm oil derivatives on their RSPO position.
About Lubrizol Personal and Home Care
We develop, manufacture and market a broad range of specialty chemicals for skin care, hair care, bath and shower, surface care and fabric care. Our innovative ingredients and additives modify physical properties, enhance functional performance and deliver aesthetic benefits to drive key consumer product claims. The addition of Active Organics' botanical extracts and Lipotec's peptide-based active cosmetic ingredients strategically expands our product portfolio and builds upon our current capabilities, formulations expertise and global manufacturing footprint to take innovation to the next level. We are persistently committed to providing you with powerful, proven solutions so you can formulate with confidence(TM).
About The Lubrizol Corporation
The Lubrizol Corporation, a Berkshire Hathaway company, is a technology-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers' products while reducing their environmental impact. It produces and supplies technologies to customers in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, other transportation-related fluids and industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care and personal care products and pharmaceuticals, and specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives.
With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 7,500 employees worldwide. Revenues for 2013 were $6.4 billion. For more information, visit Lubrizol.com.
Media Contact:
Lee Roberts
216 447 6117
Website: www.lubrizol.com
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