German speciality chemicals company LANXESS and Hindustan Petroleum Corporation Ltd (HPCL) have entered into a Memorandum of Understanding (MoU) to jointly advance the availability of aviation and industrial lubricants in India and SAARC countries.

“This partnership aims to deliver technologically advanced, high-performing lubricant solutions, advancing standards and availability in India’s booming aviation and industrial markets,” LANXESS said in a statement.

Under this 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, also 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.

“With LANXESS’ expertise and our strong market presence, this collaboration will drive growth across aviation and industrial sectors.”, said Srinivas Ch, executive director - Lubes, HPCL.

LANXESS Lubricant Additives business offers a variety of premium range of synthetic basestocks, additives and finished fluids for aviation, automative and industrial applications.