Oil giant ExxonMobil it is expanding its Singapore refinery to increase the production of base oil which is used to manufacture lubricants.
In the second quarter of this year, building is projected to start and is to be completed in 2019.
EHC Group II base stocks which is used to get the most out of performance of major automotive engine oil grades and finished lubricants used in multiple industries – as well as improve the facility’s competitiveness will be part of the expansion to strengthen its global supply.
Group II base stocks will permit our customers to balance lubricants that satisfy more stringent stipulations, help reduce discharges and improve fuel economy and low-temperature performance, as part of the investment” said Mr Ted Walko, global base stock and specialities marketing manager.
Project on a previously announced co-generation project at the refinery is expected to be completed by the end of this year.
ExxonMobil’s expansion echoes Singapore’s position as a base in Asia to help corporations capture openings in the region. Says Mr Damian Chan, executive director of energy and chemicals at the Economic Development Board.
A robust foundational base will allow for long-term maintainable development of the energy and chemicals sector. As Singapore is dedicated to supporting the augmentation and advancement of existing refineries.