ALIA: Cost Competitive and Sustainable Industry Solutions for the Environment

The global fluids and lubricant market is expected to shrink slightly over the next 5 years due to 2 factors:

 	
the advancement of lubricant technology which extends lubricant drain intervals, and
 	
the shift to electric vehicles (EVs) in major markets.





The maritime sector is also going through transformation with its efforts to decarbonise using low carbon fuels like LNG and other alternative fuels like biofuels and ammonia.




In the future, businesses will increasingly want to publicly communicate their carbon footprint of products (CFPs) through the following ways:

 	
providing information to consumers and others for decision-making purposes
 	
enhance climate change awareness and consumer engagement on environmental issues
 	
supporting a company's commitment to tackling climate change
 	
support implementation of policies on climate change management





The CFPs also drive the need for these businesses to actively work towards green solutions. To assist these businesses to address cost competitiveness and sustainability for continued business viability, programmes and initiatives have to be provided as necessary tools, and ALIA has the solution for this.