Alex,
I think that your sheep grease is lanolin. Below is the definition of Lanolin. I still use lanolin on turnbuckle (bottle screws) threads and as a thread compound where stainless steel bolts are installed in aluminum.
Jeff
From Wikipedia:
Lanolin, also called
Adeps Lanae,
wool wax,
wool fat, or
wool grease, a greasy yellow substance from wool-bearing animals, acts as a skin ointment, water-proofing wax, and raw material (such as in
shoe polish). Lanolin is "wool
fat" or grease, chemically akin to
wax, which is secreted by the
sebaceous glands of
wool-bearing animals, such as
sheep. These glands are associated with
hair follicles. Lanolin's ability to act as a waterproofing wax aids sheep in shedding
water from their coats. Certain breeds of sheep produce large amounts of lanolin, and the extraction can be performed by squeezing the wool between rollers. Most or all the lanolin is removed from wool when it is processed into
textiles, eg
yarn or
felt.
Lanolin is chiefly a mixture of
cholesterol and the
esters of several
fatty acids. Crude (non-medical) grades of lanolin also contain
wool alcohols, which are an
allergen for some people. Recent studies also indicate that
antibiotics are present in the lanolin. The extract is insoluble in water, but forms an
emulsion. At one point, the name Lanolin was trademarked as the generic term for a preparation of sheep fat and water.
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