By ERIC YEP
China Petroleum and Chemical Corp. (Sinopec) has officially
commenced operations at its new lubricant facility in
Singapore. The lubricant plant, with an initial production
capacity of 100,000 tpy, is the company's first direct overseas
The company, a unit of China Petrochemical Corp., said it plans
to expand its operations in Asia-Pacific, with the Singapore
plant as its regional hub.
"The Asia-Pacific region is the largest and fastest-growing
lubricants market, accounting for almost 42% of the global
lubricants market in 2012," commented Yeoh Keat Chuan, the
managing director of Singapore's Economic Development
Lubricants consumption is expected to reach 17 million tons
by 2017, he said.
Dow Jones Newswires