KUALA LUMPUR: UMW Holdings Bhd's wholly owned subsidiary, UMW Grantt International Sdn Bhd, has introduced its maiden range of bio-hydraulic lubricants and its inaugural foray into the green product line-up.
The company's Grantt Bio VG Hydraulic Oil, produced from locally sourced palm oil, is targeted at customers sourcing for affordable and sustainable hydraulic lubricants without compromising performance.
The bio-lubricant product is formulated with triglycerides and additives that provide excellent lubrication capabilities, which is equivalent to, if not better, than conventional lubricants.
UMW president and group chief executive officer Datuk Ahmad Fuaad Kenali said that with over 60 years of experience in the lubricant industry, the group has successfully developed its first bio-lubricant product range, driven by the growing demand for greener lubricants to address concerns over the environment.
"The Grantt Bio VG Hydraulic Oil has been graded against international standards and has undergone vigorous tests on our industrial hydraulic equipment," he said in a statement today.
The Grantt Bio VG Hydraulic Oil was launched by Ministry of Environment and Water secretary-general Datuk Seri Dr Zaini Ujang at the International Greentech & Eco Products Exhibition & Conference (IGEM) 2022.
At the same event, UMW Group's wholly owned subsidiary, UMW M&E Sdn Bhd, inked a memorandum of understanding (MoU) with Mitsui & Co (Malaysia) Sdn Bhd to promote and market green products and services to environmental, social, and governance (ESG)-conscious companies in ASEAN and other overseas markets.
Leveraging on the growing demand for sustainable products and services as well as Mitsui's strong sales and marketing foothold globally, the MoU paves the way for the commercialisation of UMW's proprietary green products.
The collaboration could be further extended to market and distribute other third-party green products, services, and solutions mutually beneficial to both parties.
"With the mutual aim of providing environment-friendly products and services, the signing of the MOU paves the way for UMW and Mitsui to generate growth along the green value chain and promote the sustainability agenda.
"We hope to continue to build on our capabilities with the support of our partners and principals to introduce advanced and sustainable products to meet the requirements of our increasingly discerning customers.
"Innovation and green products are among the key enablers that will accelerate our journey towards achieving carbon neutrality by 2050," Fuaad said.