The Singapore Lube Park was officially opened on 26 May 2016. The project is a successful outcome of extensive studies by the Singapore Economic Development Board, JTC Corporation and the joint partners Shell, Total and Sinopec.
Shell, Sinopec, Total launches Lube Park in Singapore
As the first of its kind in Asia, the Lube Park houses some shared facilities such as an import-export jetty, pipelines and a tank farm. These support the lube oil blending plant sand grease manufacturing plants of the JV partners, which are located on separate sites adjacent to the lube park.
Singapore has long been a strategic lubricants hub for both Shell and Total, from which they have been supplying products to their respective customers and markets in Asia Pacific. For Sinopec, its lubricants and grease plants have been in operation in Tuas since 2013, and have been playing a significant role in its business expansion in Asia Pacific.
EDB’s Assistant Managing Director Mr Lim Kok Kiang said: “This project exemplifies Singapore’s effort to foster win-win partnerships between companies to achieve synergies and optimise resources such as land.”
The Singapore Economic Development Board (EDB), which worked with JTC Corporation and the three companies on the project, said the park exemplifies Singapore's effort to foster win-win partnerships between companies to achieve synergies and optimise resources such as land.
- 26 May 2016