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 and specialty fluids in India.
The non-exclusive agreement was signed in Mumbai on Thursday and provides a framework for joint technical evaluations, product development, OEM approvals, localisation and commercialisation, subject to regulatory approvals and definitive agreements.
The proposed collaboration covers high-performance bearing and circulating oils, hydraulic fluids, turbine oils, refrigeration lubricants, rust preventive oils, specialty greases, industrial additives and immersion cooling fluids for data centres.
The companies will also explore next-generation and sustainable technologies including 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.
“Together with BPCL, we look forward to bringing localized, high-performance lubricant solutions closer to our customers in India,” said Karam Faddoul, Head of Sales IMEA, LANXESS’s Lubricant Additives business unit.
Kannan S, Business Head, BPCL, said the partnership would combine LANXESS’s technological expertise with BPCL Lubes R&D’s application knowledge to jointly develop solutions addressing Indian industry needs.
