HPCL tie up with Chevron to manufacture lubricants

Hindustan Petroleum has announced that it has entered in an agreement with global supermajor Chevron to manufacture, distribute and market its lubricants in India. 

As per the agreement, Chevron Brands International LLC will license, manufacture, distribute, and market its lubricant products under the Caltex brand, including Chevron’s Havoline and Delo branded lubricant products.

HPCL has its own lubricants and these would be adding to the existing ones. 

The company has informed in its official filing with stock exchanges that Chevron Corporation has entered into a long-term trademark licensing agreement with HPCL.

Amit Garg, Director of marketing HPCL said, “This exciting partnership paves the way to leverage HPCL’s market leadership to add value via a broader, premium product offering to Indian consumers through synergies between HPCL and Chevron.”

Hindustan Petroleum Corporation Limited is a subsidiary of ONGC. HPCL also owns and operates the largest lubricant refinery in India, with a capacity of 335,000 metric tonnes, producing lube base oils of international standards.