LANXESS and Hindustan Petroleum Corporation Limited (HPCL),
a leading Indian oil and gas company, have signed a Memorandum of Understanding
(MoU) to jointly advance the availability of aviation and industrial lubricants
in India and SAARC countries. The partnership aims to deliver technologically
advanced, high-performance lubricant solutions, supporting improved standards
and availability in India’s growing aviation and industrial markets.
Under the partnership, LANXESS and HPCL will explore short-,
medium- and long-term marketing and business development opportunities for
lubricants. The collaboration will enable broader local access to premium
LANXESS-branded aviation and industrial lubricants, including in critical
segments.
“This MoU marks a new chapter in our growth story. Together
with HPCL, we will set new benchmarks for quality and performance while
accelerating growth in India’s dynamic aviation and industrial markets,” said
Neelanjan Banerjee, Senior Vice President and Global Head of the Business Unit
Lubricant Additives, LANXESS.
“We are excited to partner with LANXESS to provide Indian
customers with cutting-edge lubricants that enhance efficiency and performance.
With LANXESS’ expertise and our strong market presence, this collaboration will
drive growth across aviation and industrial sectors,” said Srinivas Ch,
Executive Director – Lubes, Hindustan Petroleum Corporation Limited.
LANXESS’ Lubricant Additives business offers a premium range
of synthetic basestocks, additives and finished fluids for aviation, automotive
and industrial applications under the brand names Royco®, Anderol®, Reolube®,
Additin®, Naugalube®, Synton®, Hatcol®, Hybase® and Lobase®.