Total starts up its world’s largest lubricants oil blending plant in Singapore

Total starts up its world’s largest lubricants oil blending plant in Singapore

9:47 AM, 3rd July 2015
Total starts up its world’s largest lubricants oil blending plant in Singapore

PARIS, FRANCE: Total SA said it has announced the start up of its largest lubricants oil blending plant in the world, located in Singapore. With an annual production capacity of 310,000 metric tonne, this new major hub will boost Total’s lubricant supply in the Asia-Pacific region, which already represents more than 25 percent of Total’s lubricants sales.

“Our new Singapore lubricants hub illustrates our strategy to grow the marketing & services segment while maintaining a high profitability and contributing strongly to the group’s financial performance. It will allow us to expand our position as one of the top global players in this high return business segment. Total aims to leverage its partnerships to outpace market growth in Asia, which is a key region for future energy demand,” said Philippe Boisseau, member of executive committee, president, marketing & services, Total.

Total intends to double its Asian sales, with production from the new plant accounting for a majority of the accelerated growth. The new facility will produce the highest quality lubricant oils and supply a wide range of segments in the Asia Pacific region, including automotives (two wheelers and cars), industrials and marine.

With a population of more than 4 billion, Asian demand for lubricants is expected to grow by 18 percent and reach 20 million tons by 2025, almost the half of the world’s global demand.

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