Idemitsu partners with Luberef for Group III base oil supply

Japan’s Idemitsu Kosan Co., Ltd. has announced a memorandum of understanding (MoU) with Saudi Aramco Base Oil Company – Luberef, marking a significant step towards the study of the supply of Group III base oil. This collaboration underscores a mutual commitment to meet the growing global demand for highly refined lubricating base oil, a key component in fuel-efficient engine oils and eco-friendly lubricants.

Idemitsu’s move to secure a stable supply of Group III base oil underscores the company’s foresight to meet the anticipated increase in demand. Luberef’s investment in a new manufacturing facility in Saudi Arabia is a strategic move to position itself as a key player in the supply of high-quality base oils.

A strategic collaboration

The MoU, signed at Luberef’s headquarters in Jeddah, Saudi Arabia, is a testament to the synergy between Idemitsu’s innovation in fuel-saving technologies and Luberef’s new Group III manufacturing facility in Saudi Arabia. Group III base oil is anticipated to play a pivotal role in the global shift towards environmental protection and energy conservation.

Idemitsu, renowned for its cutting-edge lubricants, is poised to enhance its offerings by securing a long-term stable procurement of Group III base oil through this partnership. Luberef’s expansion into the production of this highly refined base oil aligns with the increasing demand driven by the global momentum for eco-friendly solutions.

Navigating the future

The collaboration is not just a business strategy but a response to the environmental challenges facing the world. Both companies are leveraging their strengths to contribute to a greener, more sustainable future. The partnership is expected to foster innovations that will not only benefit the automotive industry but also have a positive impact on the environment.