Shell, Sinopec and Total partner to build industry’s first shared Lube Park in Singapore
Singapore Lube Park Pte Ltd announced that they will build and operate a Lube Park in Tuas, in the southwestern part of Singapore.
Singapore Lube Park Pte Ltd is a joint venture between Shell Eastern Petroleum Pte Ltd (Shell), Sinopec Lubricant (Singapore) Pte Ltd (Sinopec) and Total Oil Asia Pacific Pte Ltd (Total).
Looi Nai Tze has been appointed as general manager for the Singapore Lube Park Pte Ltd.
The Lube Park concept will be the first of its kind in the global lubricants industry. It will cover operations of shared facilities, including an import and export jetty, common pipelines, infrastructure and exclusive storage facilities to service the partners’ respective new Lube Oil Blending Plants (LOBP) and Grease Manufacturing Plants (GMP), which will be located on separate sites adjacent to the Lube Park.
The Lube Park is the successful outcome of extensive joint studies conducted by the three partners.
Construction is planned to commence later in the year and is targeted for completion by 2015.
Singapore has long been a strategic lubricants hub for both Shell and Total, supplying products to customers and markets in the Asia-Pacific region. When completed, Shell’s new LOBP and GMP in Tuas will replace its Woodlands plant. Total will construct a new LOBP in Tuas to replace two existing plants in Jurong Pandan and in Pioneer. Sinopec’s new LOBP and GMP have started operations recently. This plant will play a significant role for its business expansion in the Asia-Pacific region.
The three companies have been working closely with the Singapore Economic Development Board (EDB) and JTC Corporation (JTC) on this project.
“Lubricants are high value products that further diversify the refined products manufactured here. This joint initiative by Shell, Total and Sinopec illustrates how Singapore’s business environment allows industry leaders to come together and develop new business models. We welcome more of such innovative industry solutions being explored here, as companies look to optimize resources to improve their overall business efficiency,” commented Eugene Leong, Director of Energy and Chemicals, Economic Development Board.