The start up of the world’s largest state of the art lubricants oil blending plant has been announced by Total. The facility is in Singapore and has an annual production capacity of 310 000 t. The new hub will boost Total’s lubricant supply in the Asia Pacific region, which already represents over 25% of Total’s lubricants sales.
Total has announced intentions to double its Asian sales, with production from the new plant accounting for a majority of the accelerated growth. The new facility will produce the highest quality lubricant oils and supply a wide range of segments in the Asia Pacific region, including automotives, industrials and marine.
As Asia’s population tops 4 billion, Asian demand for lubricants is expected to increase by 18% and reach 20 million t by 2025, almost half of global demand.
Philippe Boisseau, Total Executive Committee, President of Marketing and Services said, ‘our new Singapore lubricants hub illustrates our strategy to grow the marketing and services segment while maintaining a high profitability and contributing strongly to the group’s financial performance. It will allow us to expand our position as one of the top global players in this high return business segment. Total aims to leverage its partnerships to outpace market growth in Asia, which is a key region for future energy demand.”
Edited from press release by Claira Lloyd
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