German specialty chemicals company LANXESS and Bharat Petroleum Corporation Ltd (BPCL) have signed a Memorandum of Understanding (MoU) to explore long-term cooperation in advanced industrial lubricants, specialty fluids and emerging applications in India.
The non-exclusive agreement provides a framework for joint technical evaluations, product development, original equipment manufacturer (OEM) approvals, localisation and commercialisation, subject to regulatory approvals and definitive agreements.
The proposed collaboration will cover high-performance bearing and circulating oils, hydraulic fluids, turbine oils, refrigeration lubricants, specialty greases, industrial additives and immersion cooling fluids for data centres. The companies will also explore opportunities in bio-based lubricants, electric vehicle fluids, hydrogen economy applications and environmentally acceptable lubricants.
The partnership will combine LANXESS’s global expertise in lubricant additives, formulation technologies and OEM relationships with BPCL’s domestic market presence, base oil portfolio, manufacturing infrastructure and customer network.
Commenting on the agreement, Karam Faddoul, Head of Sales IMEA, LANXESS’s Lubricant Additives business unit, said the collaboration would help bring locally developed, high-performance lubricant solutions closer to Indian customers while improving service and supply capabilities.
Neelanjan Banerjee, Senior Vice-President and Global Head of the business unit, said the partnership would support the development and commercialisation of high-performance lubricants suited to evolving industrial requirements.
The collaboration is expected to create opportunities for developing specialised lubricant solutions for traditional industrial applications as well as emerging sectors such as data centres, electric mobility and hydrogen technologies.
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