Castrol India Ltd. and Hindustan Petroleum Corporation Ltd. (HPCL) have signed an MoU to evaluate a used oil re-refining model in India. The collaboration aims to establish a Re-Refined Base Oil (RRBO) ecosystem, promoting circular economy practices, reducing waste, and supporting India’s sustainability goals in the lubricants and energy sector.
In a significant step toward sustainability, Castrol India Ltd. and HPCL have entered into a Memorandum of Understanding (MoU) to jointly explore the feasibility of a used oil re-refining model. The initiative focuses on creating a Re-Refined Base Oil (RRBO) ecosystem, which will help reduce environmental impact and support India’s energy transition.
Key Highlights:
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MoU Signed: Castrol India and HPCL to collaborate on developing a framework for re-refining used lubricants.
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RRBO Ecosystem: Aim to establish a structured supply chain for collection, processing, and re-refining of used oil.
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Sustainability Focus: Supports India’s circular economy and reduces dependence on virgin base oil imports.
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Industry Impact: Potential to lower carbon footprint and enhance resource efficiency in the lubricants sector.
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Strategic Alignment: Reinforces both companies’ commitment to innovation, sustainability, and responsible energy practices.
This partnership marks a pioneering move in India’s lubricants industry, combining HPCL’s infrastructure with Castrol’s expertise to create a scalable and eco-friendly solution.
Sources: Reuters, BusinessLine, The Economic Times, Moneycontrol