ExxonMobil to expand Singapore refinery to raise base oil output16 February 2017
On 16 February 2017, ExxonMobil announced that it will be expanding its Singapore refinery to increase the production of base oil, which is used to manufacture lubricants. Construction is expected to start in the second quarter of this year, and is to be completed in 2019.
ExxonMobil said that the expansion will strengthen the global supply of its EHC Group II base stocks, which is used to maximise the performance of major automotive engine oil grades and finished lubricants used in multiple industries, as well as improve the facility’s competitiveness.
The latest investment affirms the company’s confidence in Singapore, the location of its largest integrated refining and petrochemical complex in the world. “We continue to invest in our Singapore facility to improve supply to customers and the competitiveness of our manufacturing assets, all with a focus on the long-term business growth in Asia,” said ExxonMobil Asia Pacific Chairman and Managing Director Gan Seow Kee.
“The expansion of ExxonMobil’s refinery reflects Singapore’s importance as a base in Asia to help companies capture opportunities in the region,” said Damian Chan, Executive Director, Energy & Chemicals, Singapore Economic Development Board. “Singapore is committed to supporting the enhancement and upgrading of existing refineries, as a strong foundational base will allow for the long-term sustainable growth of the Energy & Chemicals sector.”
16 February 2017