Oil major ExxonMobil Tuesday proposed a multibillion dollar project at its integrated manufacturing facility in Singapore to produce higher-value products and expand lubricant base stocks production.
The Singapore refinery expansion project will also result in the production of more clean fuels with lower sulphur content, including high-quality ExxonMobil Marine Fuels that comply with the International Maritime Organization’s 0.5% sulphur cap, it says.
The company plans to develop and apply proprietary technologies that will convert lower-value by-products into cleaner, higher-value products, including high-quality light and heavy lubricant base stocks.
The advanced technology will also allow ExxonMobil to introduce a new, unique high viscosity Group II base stock into the marketplace.
Designed to help blenders achieve greater formulation flexibility and simplify global testing, these products will allow customers in Asia-Pacific to cost-effectively blend a wide-range of finished lubricants.
Final investment decision of the project is expected in 2019, with start-up anticipated in 2023.
“We’re working to ensure that we can reliably meet long-term customer needs with high-quality base stocks and fuels as demand in the Asia-Pacific region continues to grow,” said Nick Berthiaux, vice president of ExxonMobil Basestocks and Specialties.
“By introducing higher-value base stocks in larger volumes, we can meet the needs of an expanded customer base looking to satisfy more stringent industry requirements such as reducing emissions and improving fuel economy.”
Photo credit: ExxonMobil
Published: 27 June 2018
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