Sinopec opens first lucbricant plant in Singapore

See why it chose Singapore for expansion.

"I understand that this facility is Sinopec’s first wholly-owned greenfield lubricant plant outside China. Therefore, we are glad that Sinopec has chosen Singapore to set up the plant, and as its launch pad into the region," said Mr Png Cheong Boon, CEO, JTC Corporation.

"With this investment, Sinopec joins many global companies that have significant operations in Singapore, one of the world’s leading petrochemical hubs. These companies manufacture a wide variety of high value petroleum, petrochemicals, advanced materials and specialty chemicals products for the booming markets in Asia," he added.

"Sinopec’s investment is further testimony to Singapore’s attractiveness and competitiveness as an investment location for energy and chemicals companies," he said further.

The JTC Corporation CEO said Singapore's competitiveness is derived from world-class industrial infrastructure that the government, through JTC and other agencies, has put in place to support our industries and companies.

"Such infrastructure is critical for the energy and chemicals industry, as companies could benefit from feedstock integration, shared utilities, integrated logistics and common infrastructure."

"This is most evident on Jurong Island, a 3,000 ha island developed by JTC to house the energy and chemicals industry in Singapore. Today, Jurong Island is home to some 100 global petroleum, petrochemicals and specialty chemicals companies."

"Sinopec’s investment in Tuas South also helped kick-start a new cluster of energy and chemicals manufacturing activities. Here, JTC worked closely together with Sinopec and other companies to plan and develop critical shared infrastructure, such as common jetty and pipeline corridor. These common infrastructure help companies to reduce their capital investments and operating expenses, and enable Singapore to optimise its limited waterfront land."