Repsol reinforces its leadership in the sale of lubricants on the Iberian Peninsula with a new product range for electric vehicles
Repsol launches its new EV-FLUIDS range for electric vehicles and motorcycles. With this initiative, the multi-energy company solidifies its position as a key player in electric mobility in Spain, and reinforces its objective of becoming a net zero emissions company by 2050 and to offer all home and mobility energy needs through a multi-energy supply, in accordance with its 2021–2025 Strategic Plan.
This new range of products will come from Repsol's plant in the Puertollano Industrial Facility. Since this business’ globalization, Repsol's lubricant production has been concentrated in 3 production hubs (Puertollano, Mexico, and Indonesia), with 60% of production occurring in Puertollano.
The Repsol Technology Lab, one of the most cutting-edge private research centers in Europe, also participated in this project by defining the most suitable formulas for lubricant applications of this kind. It then subsequently selected and adapted the key characteristics of each of these products, such as the viscosity grade, compatibility with new materials, and the proper electrical properties, to match the applications for which it is intended.
Repsol is leading the sale of lubricants on the Iberian Peninsula, with a 25% share in Spain and 19% in Portugal in 2020. Repsol's Lubricants business is the most international of the multi-energy group, as it has commercial operations in 78 countries. Last year it grew thanks to its wide geographical distribution, despite the downturn in mobility due to the lockdowns decreed around the world because of the pandemic.
Last year, Repsol sold 193,000 tonnes of lubricants, an increase of 40% since 2015, thanks to our international expansion. The acquisition of 40% of the Mexican company Bardahl in 2018 and 40% of United Oil, based in Singapore and with a presence in Indonesia, in 2019 marked a step forward in our growth strategy. In 2020, 30% of the volume sold came from these two investee companies. This year, this international expansion will be consolidated by focusing on our priority markets: Spain, Portugal, France, Italy, Romania, Indonesia, Mexico, Thailand, Colombia, Peru, and Brazil. The goal is to have total sales of lubricants reach 300,000 tonnes by 2025.
The EV-FLUIDS range will be available through Repsol's usual distribution channels, that is, primarily in the extensive network of service stations that the company has throughout Spain, official distributors, and specialized repair shops.
This innovative product line adds to the multi-energy company’s wide catalog of lubricants for all kinds of vehicles, from cars and motorcycles, to trucks, agricultural vehicles, and boats.
Repsol, in its commitment to electric mobility, has launched this new product range focused on 100% electric vehicles alongside its Hybrid range that was launched in 2019. The Hybrid range consists of low-viscosity synthetic lubricants that reduce CO2 emissions and are designed to get the best performance from hybrid vehicles with gasoline engines and electric motors, whether plug-in (PHEV) or not (HEV).
The new range of Repsol products for electric vehicles includes five new product lines:
The new range of exclusive products for electric vehicles and motorcycles reinforces Repsol's commitment to electric mobility. Currently, Repsol's public recharging network is one of the most relevant infrastructures of this type in Spain, with more than 250 public access points, including 70 fast-charging points mostly located at service stations, positioning the multi-energy company as one of the country's leaders in fast charging at service stations.
The first charging station for electric vehicles in Spain that also stores energy, located at the Repsol service station on the N-I road near Tolosa, Guipuzkoa, and the first two ultra-fast charging points on the Iberian Peninsula, installed in 2019 at Repsol service stations in Lopidana (Álava) and Ugaldebieta (Bizkaia), which allow batteries to be recharged in five to ten minutes, are also included in this network.
In the coming years, the company wants to have an electric recharging point every 50 km for a total of 1,000 recharging points by taking advantage of its network of 3,400 service stations for installation.