BPCL and Lanxess sign agreement to explore advanced industrial lubricant technologies
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Business Standard
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BPCL and Lanxess sign agreement to explore advanced industrial lubricant technologies

The specialty chemical company LANXESS and Bharat Petroleum Corporation Limited (BPCL) have announced the signing of an agreement aimed at exploring possibilities for long-term cooperation in advanced industrial lubricant technologies, special fluid solutions, and related applications in India.

The Memorandum of Understanding (MoU) establishes a non-exclusive basis for assessing technical and commercial prospects intended to promote the development of innovative lubrication solutions, support OEM approvals, strengthen localization, and create long-term value for customers across various industrial sectors in India.

This partnership will combine LANXESS's global expertise in lubricant additives, its capabilities in formulation and OEM relationships, with BPCL's strong domestic market presence, portfolio of base oils, manufacturing infrastructure, and customer reach.

Furthermore, both companies plan to explore prospects in next-generation technologies and sustainable development. These areas include bio-lubricants, electric vehicle fluids, applications in the hydrogen economy, specialized refrigeration fluids, personal care ingredients, and immersion cooling solutions required for the rapidly growing digital infrastructure.

Neelanjan Banerjee, Senior Vice President and Global Head of Lubricant Additives Business Unit at LANXESS, noted that 'this Memorandum of Understanding represents an important step in strengthening the collaboration between LANXESS and BPCL. By combining our global technology platform, formulation expertise, and OEM engagement capabilities with BPCL's manufacturing capabilities and market presence, we aim to accelerate the development and commercialization of high-performance lubrication solutions that meet the evolving needs of Indian industry.'

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