Enoc Group has announced a strategic alliance with Indian Oil Company (IOC), an oil and gas company in India worth $63 billion, in a joint effort to expand its global footprint while building on IOC’s R&D infrastructure to mitigate future manufacturing challenges.
The Enoc-IOC partnership includes R&D efforts, to jointly develop cylinder oil compliant to the Sulphur cap of 0.5 per cent from the current 3.5 per cent. The environmental impact of these efforts on ocean transportation will have technical, operational and commercial consequences. The agreement will also enable Enoc to expand its presence to over 180 ports in 28 countries to provide its customers with high-end marine lubricants and technical services.
Saif Humaid Al Falasi, group CEO, Enoc, said: “The marine oil industry is becoming more eco-conscious as international regulators set standards to control air pollution from ships. Read More