Lubrizol and IndianOil Sign MoU for Enhanced Strategic Partnership

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Source: Lubrizol

It articulates a joint commitment to developing future-ready solutions, enhancing sustainable practices, and pursuing avenues for mutual growth in the evolving energy landscape.

June 2025 : The Lubrizol Corporation is proud to announce the signing of a pivotal Memorandum of Understanding (MoU) with Indian Oil Corp Limited (IOCL), India’s leading lubricant marketer. This agreement signifies a major advancement in their strategic collaboration, aimed at fostering innovation, sustainability, and long-term growth within the lubricant and energy sectors.

The MoU was formally signed at Lubrizol’s Turbhe facility in Navi Mumbai. Representing their respective organizations were Mr. Nitin Mengi, Chairman & Managing Director, Lubrizol India Pvt. Ltd. and Mr. Bankim Patra, Executive Director – Lubes, IndianOil Corp Limited.

This strategic partnership underpins a shared vision between the two industry giants. It articulates a joint commitment to developing future-ready solutions, enhancing sustainable practices, and pursuing avenues for mutual growth in the evolving energy landscape. The collaboration is expected to leverage the strengths of both companies – Lubrizol’s advanced additive technologies and IOCL’s extensive market reach and operational expertise.

This significant step reinforces the ongoing commitment of both Lubrizol and IndianOil towards driving progress and innovation in India’s robust and dynamic lubricant market.