KARACHI: BASF has entered a partnership with Gas and Oil (GO) Pakistan to help vehicles improve fuel efficiency and reduce their environmental impact, a news release said.

A memorandum of understanding (MoU) was signed in the presence of Faisal Akhtar, Managing Director, BASF Pakistan and Zeeshan Tayyeb, Chief Operating Officer, GO Pakistan.

Under the MoU, GO will use BASF’s wide range of additives for conventional fuel to reduce fuel consumption and emissions. In addition, both parties will exchange knowledge to serve local customers in Pakistan better.

“Air pollution is a pressing issue in Pakistan. With GO’s expertise in the downstream petroleum business and our world-class components and formulations, we aim to bring chemistry-driven innovations to the automotive industry in the country,” said Faisal Akhtar.

“As one of the leading oil marketing companies in the country, we aim to supply high-quality petroleum products to our customers across Pakistan. With partners like BASF, we are one step closer to making our mission a reality,” said Zeeshan Tayyeb.

BASF is celebrating 50 years of creating chemistry in Pakistan. With offices in Karachi, Lahore and Islamabad, and a production site in Karachi, BASF offers innovative solutions to many key business sectors in Pakistan. In 2019, BASF posted sales of approximately €85 million to customers in Pakistan and had 71 employees as of the end of the year. www.basf.com/pk

GO is the fastest growing oil marketing company in Pakistan. With offices in Lahore, Karachi and Multan, and depots and terminals across Pakistan boasting one of the largest storage capacities in the country, GO operates more than 650 fuel retail outlets. GO is also the first oil marketing in Pakistan to introduce Electric Vehicle chargers. In 2019, GO posted sales of approximately US$ 1 billion. www.gno.com.pk