Abstract: A process for producing a lithium-soap grease which comprises:adding a hydroxy-fatty acid having from 12 to 24 carbon atoms, and a dicarboxylic acid having from 8 to 10 carbon atoms to a base oil (I) having an aniline point of from 110.degree. to 130.degree. C. at a temperature of less than 100.degree. C. with stirring to prepare a uniform dispersion of said acids in the base oil (I);adding lithium hydroxide to said uniform dispersion with stirring;reacting said acids and lithium hydroxide and dehydrating by heating to a temperature of 195.degree. to 210.degree. C.;cooling the reaction mixture to a temperature not higher than about 160.degree. C. at a cooling rate of from about 20.degree. to 80.degree. C./hour; andadding a base oil (II) having an aniline point of from 130.degree. to 140.degree. C.

Abstract: The general-purpose grease composition of the invention is usable in a wide temperature range or, in particular, at very low temperatures down to -50.degree. C. The grease composition comprises, as the essential components, a lubricating base oil mainly composed of a deep-freeze dewaxed base oil having a fluidity point of -35.degree. C. or below and a thickener which is typically a lithium soap such as lithium 12-hydroxystearate.