By ERIC YEP
A joint venture between the regional units of Royal Dutch
Shell, Total and China Petroleum & Chemical Corp. (Sinopec)
will build a shared lubricants facility in Singapore, the
companies said in a joint statement Wednesday.
The partners will build Lube Park at the Tuas industrial
complex in southwestern Singapore, and include import, export
and storage facilities for the adjacent lube oil
blending plants and grease manufacturing plants of the
companies, the statement said.
Construction on the park will begin
later this year and it is expected to be completed by 2015. It
will be built by Singapore Lube Park Pte. Ltd., a joint venture
between the three companies.
Sinopec has already started up its
new lubricants plant in Tuas.
Shell's new facility at Tuas will replace its plant in
Woodlands, while Total's new facility will replace two plants
in Jurong Pandan and in Pioneer, the companies said.
Dow Jones Newswires