SHEFFIELD, England--(BUSINESS WIRE)--Every year 40 billion litres of lubrication oil is used to keep most machines running efficiently and reliably - from manufacturing, ships, planes and cranes to robots, generators, wind-turbines, trucks and cars - even electric cars. However, a new study shows that most lubrication oil is changed when it still has 30% life left, which means 12 billion litres of oil are needlessly consumed and discarded every year.
This is a huge hidden cost – both an environmental cost equivalent to 35.7 million tons of CO2 (or the equivalent of removing 1.5 million cars from the road) and a financial cost of $120 billion just in oil every year. New technology in the form of a small sensor enables oil quality to be accurately analysed in real-time and the perfect change point identified, thus enabling an instant and easy 30% reduction in use and waste.
New long-life oils are contributing towards reducing annual use, however, unless they are used to the full extent of their life, 30% of these oils are still wasted due to fixed time scheduled maintenance, rather than a schedule based upon actual need. Until now the only reliable way to know the real condition of oil in machinery was expensive sampling and lab analysis, as such 99.9% of equipment has oil changed based upon time schedules, resulting in 30% waste.
A new oil analysis sensor technology from Tan Delta Systems in the UK enables a tiny, low cost, sensor to be fitted to any equipment to analyse oil quality in real-time and tell the user exactly when the oil needs changing, thus enabling the full life of oil to be used without any risk to equipment, realising significant reductions in CO2 and cost.
The sensors can be deployed on anything: cars, robots, trucks, wind turbines, ships, planes, generators – even on the pumps and drilling rigs used by the oil industry itself to realise massive carbon reductions. This innovation shows how technology can help make meaningful steps to achieving global and corporate ESG objectives.