Can't get to my Buildings Regs books at the mo' to check the proper name but any builders merchants will sell you an interior grade double sealed inspection cover. They come complete with frames and a rubber seal between the two. Fitting will necessitate removing exisiting cover and frame and chipping out rather deeper to accommodate the new frame. Depending on the type of new cover you may have to cast concrete into the hollow lid. If so, then consider adding extra reinforcing as they are usually inadequate. For belt and braces, add a sheet of galvanised steel at the base of the concrete. When I extended our kitchen over a sewer I installed a double sealed cover in the floor and carried the floor skim and vinyl tiles across it we've never had any smell or vapour issues, nor has the floor deteriorated in that spot. I just hope I never have to lift it, though I do have a stock of spare matching tiles against that evil possibility...
Much simpler and infinately cheaper will be to seal between the existing frame and cover. Gunnable silicon sealant is probably cheaper than grease these days and will not tend to melt and flow in warm weather.
There remain enormous numbers of 'combined sewers' - i.e. mixed rainwater and foul (can be any or all of kitchen wastes, bathroom wastes, WC wastes). Our street of 1963 semis has a combined common sewer down the rear takingg kitchen, bathroom, WC and rainwater, and a common stormwater drain down the front taking rainwater only though a few houses have lead kitchen wastes into it over the years as extensions have proliferated. They CCS and the CSWD unite at the end of the street so it makes no difference in practical terms for sewage treatment which of the two a particular waste discharges into. In a previouss career I was a sewage works inspector: most designs of treatment works need neat sewage to be diluted considerably to operate. Most sewers require more water than is discharged by neat WC wastes alone to ensure there is sufficient flow to carry the solids along. With numerous additional discharges to sewers and storm water drains (e.g. drives, patios, concreted-over front gardens, extentsion roofs) compared to when originally installed, capacity is the main issue these days: best not to live at the bottom of a hill 'cos that's where the accidental overflows will occur