ExxonMobil Completes Singapore Expansion to Enhance Group II Base Stocks Supply
12 Juin 2019 - 2:00PM
Business Wire
- Expansion strengthens global supply of
high-quality base stocks to meet growing demand
- Products enable customers to blend
lubricants that help reduce emissions and improve fuel
efficiency
- Supply to customers expected by the
third quarter of 2019
ExxonMobil today said that it has completed an expansion at its
Singapore refinery to upgrade its production of EHC™ Group II base
stocks, strengthening the global supply of high-quality base stocks
and enhancing the integrated facility’s competitiveness.
The expansion will enable customers to blend lubricants that
satisfy more stringent specifications, help lower emissions and
improve fuel economy and low-temperature performance. Customers
will achieve short-term and long-term cost savings through blending
optimization and reformulation.
“The safe, on-schedule completion and successful startup of this
expansion further enhances ExxonMobil’s competitiveness in
manufacturing Group II base stocks,” said Bryan Milton, president
of ExxonMobil Fuels & Lubricants. “It further establishes
ExxonMobil as a key producer of fuels and petrochemical products
and affirms our confidence in Singapore, where we operate
ExxonMobil’s largest global integrated refining and petrochemical
complex.”
Supply to customers is expected in the third quarter of 2019,
and builds upon recent expansions at ExxonMobil’s Rotterdam
facility, which along with existing production in Baytown, Texas
strengthens the global supply of high-quality base stocks.
ExxonMobil’s EHC™ product line has been designed to maximize the
performance of all major automotive engine oil grades and to
enhance the performance of finished lubricants used in multiple
industries.
Construction of the expansion began in 2017 and was completed
safely and on schedule with 1 million workforce hours. At peak
construction, more than 300 workers were employed.
Earlier this year, ExxonMobil announced a final investment
decision on a multi-billion dollar expansion of the Singapore
integrated manufacturing complex as part of the company’s plan to
significantly increase earnings potential of the site.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and
gas company, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. For more information, visit
www.exxonmobil.com or follow us on Twitter at
www.twitter.com/exxonmobil.
Cautionary Statement: Statements of
future events or conditions in this release are forward-looking
statements. Actual future results, including project plans,
schedules, timing, and outcomes; economic and environmental
impacts; and earnings potential could differ materially due to
changes in market conditions affecting the oil, gas and petroleum
product industries or long-term oil, gas and petroleum product
price levels; political or regulatory developments including
changes in environmental regulations and obtaining necessary
government permits; timely completion of construction projects;
future technological developments; actions of competitors;
technical or operating factors; the outcome of commercial
negotiations; and other factors cited under the caption “Factors
Affecting Future Results” on the Investors page of our website at
exxonmobil.com. The term “project” as used in this release can
refer to a variety of different activities and does not necessarily
have the same meaning as in any government payment transparency
reports.
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