GP Global Energy Private Limited (GPGEPL), part of UAE-based global
conglomerate GP Global said it had entered into an exclusive partnership with
Cepsa, integrated Spanish oil major, to make and market Cepsa’s Marine and
Power Generation Lubricants in India. As per the
agreement, GP Global will manufacture, blend, package and even import Cepsa
branded lubricant products in India.
“India is a huge
market for ports modernization and coastal shipping development. Major
initiatives have been taken in this direction by our government. This
partnership is our contribution to the governments Make in India vision and the
vibrancy of the sector is a clear sign of resurged interest in its potential.
Cepsa is a well reputed international brand and will be a good fit for our
portfolio” said Mr. M Prabakaran, Global Head of Terminals & Country Head,
GP Global Group, India.
partnership will strengthen Cepsa’s international brand and the expansion of
our lubricant business; this will be the first time our lubricants will be
produced outside our plants in Spain, as the facility in Mumbai has been the
first approved by us after a rigorous and successful audit process. GP Global
complies with our highest standards requirements, occupies a strong position in
the Indian maritime industry, and has in-depth know-how of the lubricant
and bunkering businesses” said Mr. Álvaro Díaz Bild, Vice President –
Cepsa marine and power generation lubricants, as well as
the wide Cepsa’s lubricants portfolio, are currently exported from Spain to
different countries. The partnership with GP Global will provide the
necessary framework to enter into the Indian market as the company has wide
experience in the marine market, especially in bunkering” said Mr. Carlos
Giner, Director of Lubricants, Base Oils and Paraffin Waxes, Cepsa.
This partnership will also strengthen the in
house R&D facilities at GP Global and develop technologically advanced
products in India. The product range includes Cylinder Oils, System Oils, Trunk
Piston Engine Oils, Hydraulic Oil, Gear oils, Greases and other specialty
lubricants required by this industry. Cepsa marine range of products include
Cepsa Larus, Gavia, Ciconia and Petrel lubricants, among others.
Cepsa is a global energy company with integrated operations across the
entire hydrocarbon value chain, manufactures raw materials for the chemicals
industry from natural sources, and has a renewables business. The Company has
over 85 years of experience and a team of close to 10,000 professionals. Cepsa
has a diversified portfolio of lubricants, base oils and paraffin waxes, which
it has marketed in over 80 countries since 1950 with a specialized sales team.
Currently is one of the leading companies in manufacturing and selling finished
lubricants and base oils in Spain and exports products to Europe and other
expanding markets, such as Latin America, Middle East and North Africa and
Asia. It has two specialized lubricants plants in Spain, in San Roque (Cadiz)
and Paterna (Valencia), which also produces hi-tech coolants.
GP Global Group is a leading player in oil industry with a vision
to be an integrated multinational energy organization, driving growth with
development projects spread across different continents. GP Global (earlier
named Gulf Petrochem) has firmly established itself into strategic business
units viz. Refining, Storage terminals, Trading and Bunkering, Bitumen
Manufacturing, Lubricant and Grease Manufacturing, Shipping and Logistics.
GP Global operates as a physical supplier as well as provider of Bunkers
at Worldwide ports. They are currently supplying physical bunkers in Fujairah,
Khor Fakkan, Singapore, Rotterdam and also other UAE ports by our own bunker
barge in port and at sea. Across the Indian coastline they are present as
physical supplier as well as Bunker traders catering to needs of various
clients from across the globe. They are the most prominent bunker suppliers
across all Major and Minor Ports of India.
To expand their footprint into marine business, GP Global Energy
Private Limited, India had entered into an exclusive partnership with
Cepsa to make and market Cepsa’s marine and power generation lubricants in
India. GP Global Energy will be manufacturing the Marine lubricants through a
contract with its group company GP
Petroleums Limited in their plant at Vasai, Mumbai, which is already
engaged in blending Automotive and Industrial lubricants over the last four
decades. The plant has state of the art R&D and QC facility for
product development and consistency. The plant is certified
with ISO 9001, ISO 14000 and OHSAS 18001.
GP Global enables economic development
by offering bespoke solutions to satisfy the commodity needs of businesses and
communities worldwide. GP Global is an integrated energy services provider,
product manufacturer and a recognised brand globally. They are engaged in
complementary business streams that combine to shape turnkey solutions that
meet customer needs and create significant shareholder value.
Cepsa is a global energy company with integrated
operations across the entire hydrocarbon value chain, manufactures raw
materials for the chemicals industry from natural sources, and has a renewables
business. Its sole shareholder is Mubadala Investment Company, one of the
largest sovereign wealth funds in the world. The Company has over 85 years of
experience and a team of close to 10,000 professionals, working with technical
excellence and an ability to adapt. Cepsa operates across five continents
through its Exploration and Production, Refining, Chemicals, Marketing, Gas
& Power, and Trading business areas.