Oil giant ExxonMobil announced yesterday that it’s expanding its Singapore refinery to extend production of base oil used to make lubricants.
Construction is scheduled to start within the second quarter of this yr and be accomplished in 2019.
ExxonMobil says the expansion will strengthen the worldwide supply of EHC Group II base oils, used to maximise the performance of major grades of engine oils and finished lubricants utilized in many industries, and improve the plant’s competitiveness.
“Our new investment in Group II base oils will enable our customers to blend lubricants that meet more stringent specifications, help reduce exhaust emissions and improve fuel economy and low-temperature performance,” said Ted Walko, global marketing manager for base and specialty oils.
The group said work continues on the previously announced cogeneration project on the refinery, which is predicted to be accomplished by the top of this yr.
Damian Chan, executive director of energy and chemicals on the Economic Development Board, said ExxonMobil’s expansion reflects the importance of Singapore as a base in Asia that helps corporations seize opportunities within the region.
“Singapore is committed to supporting the improvement and modernization of existing refineries as a strong foundation will enable the long-term, sustainable development of the energy and chemicals sector.”
Source: The Straits Times
