Specialty chemicals firm Lubrizol has signed a memorandum of understanding (MoU) with PT Pertamina Lubricants, a subsidiary of Indonesia’s state-owned energy company Pertamina, to explore joint opportunities in the country’s lubricants market.
The partnership focuses on technology collaboration, market expansion, and sustainability to support Indonesia’s industrial growth and environmental goals. The MoU was signed on July 24 by Lubrizol Asia Pacific vice president Henry Liu and Pertamina Lubricants president director Werry Prayogi during the opening of Lubrizol’s new office in South Jakarta.
Executives from Lubrizol cut a ribbon on July 24 to mark the opening of a new office at Tavera Office Park in South Jakarta. The specialty chemicals producer said it was ready to expand cooperation with local partners in various industries.
Werry said the collaboration would enhance Pertamina Lubricants’ capabilities with access to Lubrizol’s advanced formulations. “This partnership reflects our commitment to supporting energy transition and boosting industrial efficiency in Indonesia,” he noted.
Liu highlighted Indonesia’s strong growth potential, pointing out that Lubrizol already supplies chemical products to about 80 local partners across industries such as automotive, mining, and footwear manufacturing. “Pertamina is one of our largest partners in Indonesia, but there are many more opportunities across sectors,” he said, adding that footwear is a particular area of focus given the country’s demand for materials like thermoplastic polyurethane.
The MoU signing coincided with the official launch of Lubrizol’s new office at Tavera Office Park, TB Simatupang, which will serve as a hub for customer engagement, technical services, and industry collaboration. The move complements the recent opening of the Southeast Asia Innovation Center in Jurong, Singapore, forming a regional network to strengthen Lubrizol’s presence in Southeast Asia.
“Indonesia represents diversity, resilience, and potential,” Liu said. “Through this office, we aim to deliver tailored, science-based solutions that empower industries and improve lives, while creating opportunities for collaboration with local partners and innovators.”
