Carrier fluids are high performance fluids that improve the transportation of certain materials such as automotive detergent, sand pack, and lubricants. Carrier fluids possess low VOC content and are biodegradable. Additionally, they possess excellent flow ability, low toxicity, and compatibility with other fluid components in comparison to conventional solvents. Other characteristic features of these fluids are low temperature properties, good solvency, and high burn characteristics. These fluids are used in various industries such as automotive, oil & gas, petrochemicals, metal working, and semiconductor. These fluids are widely employed in the semiconductor industry during synthesis of a wide variety of ferrofluids typically required during the manufacture of computers, tablets, and wafers. Carrier fluids are used in oil drilling operations, particularly during the installation of gravel pack and shale gas production. They are further used in automotive during engine oil filling operation.