Shell Eastern Petroleum Ltd has started producing two new wax products, Slackwax 60 and Slackwax 120, at its Pulau Bukom manufacturing site in Singapore. Shell intends to manufacture 60 kilotonnes of these products annually for customers in Asia, Europe and the U.S.
“Singapore is Shell’s largest integrated petrochemicals production and export centre in the Asia Pacific region. This latest investment affirms the commitment to optimise our assets and capability here,” said Brenda Stout, manufacturing director for Shell Singapore.
“This investment is a strategic move to reinvigorate our position in the wax business,” said Maarten van Roon, global business manager for wax, Shell International Trading and Shipping Company Ltd. “Shell has a strong reputation in the wax market. Our value proposition is in offering security of supply, consistent product quality and local support to customers in key markets, whether technically or commercially.”
The Shell Trading & Supply companies that comprise the Shell Global Trading Network shall be the exclusive marketer of this new slack wax stream and will have local storage in key markets to support the supply to customers both via direct and indirect channels.
Slack wax is used in the making of candles, petroleum jelly, emulsions, as well as various other applications.