ExxonMobil expands Singapore refinery to raise base oil output
EXXONMOBIL, which owns the largest refinery in Singapore, is expanding the facility to increase the production of base oil, which is used to manufacture lubricants.
Construction work is expected to start in the second quarter of this year and end by 2019.
With the expansion, the group will be able to strengthen the global supply of its EHC Group II base stocks. These help to maximise the performance of major automotive engine oil grades and finished lubricants in various industries.
"Our new investment in Group II base stocks will enable our customers to blend lubricants that satisfy more stringent specifications, help reduce emissions, and improve fuel economy and low-temperature performance," said global base-stock and specialties marketing manager Ted Walko.
Work on a previously announced cogeneration project at the refinery also continues to be underway, the group said. When completed by the end of this year, it will improve the refinery's energy efficiency and reduce emissions.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
ExxonMobil to take 18 to 24 months to hit full stride with Pioneer purchase
Oil settles down on US jobs data, steepest weekly loss in three months
Glencore Group nears deal for Shell’s Singapore oil refinery
Opec+ may need to tackle oil capacity conundrum next month
Gold flat ahead of US payrolls data, set for second weekly drop