ExxonMobil announced today that it has completed its expansion project in Jurong to increase production of grease and synthetic lubricants, including Mobil 1TM, the company’s flagship synthetic engine oil. The milestone was recognized at an opening ceremony attended by Singapore Economic Development Board managing director Yeoh Keat Chuan.
The expansion of the Jurong lubricant plant further strengthens the company’s manufacturing capabilities and its ability to meet the growing demand for grease and synthetic lubricants products in the Asia Pacific region.
“These new grease and synthetic lubricants production facilities are strategically located close to key Asia Pacific markets, ensuring the reliable supply of these premium products to our customers,” said Teoh Song Ping, Asia Pacific lubricant sales director at ExxonMobil. “Our advanced lubricating oils and greases contribute to society’s broader sustainability objectives by helping to increase equipment operating efficiency and engine fuel economy, which contribute to reduced energy and resource use, as well as lower emissions.”
The grease plant started production in January 2017, and the synthetics plant, which was completed in March, started production in April following a successful commissioning.
“The expansion of ExxonMobil’s Jurong lubricant plant is a good example of companies taking advantage of Singapore as a strategic base to capture growth opportunities in Asia,” Yeoh said. “The synthetic lubricants and grease plants underscore Singapore’s emphasis on higher value-added manufacturing activities as we continue growing the chemicals sector in a competitive and sustainable manner.”
“These new production facilities demonstrate the company’s commitment to long-term investments here in Singapore,” said ExxonMobil Asia Pacific chairman and managing director Gan Seow Kee. “The expansion of our Jurong lubricant plant both strengthens ExxonMobil’s integrated manufacturing base and helps improve the competitiveness of our business and the industry in Singapore.”
“India’s economy continues to grow with significant opportunities across industries. One of the biggest market opportunities is within the automotive sector fueled by the growing middle class consumer segment who look for high quality lubricant solutions for their vehicles. Other industries such as general manufacturing also stand to benefit from increased product demand. The proximity of the new synthetic lubricants and grease plants in Singapore offer our customers in India an enhanced value chain with reliable supply and more efficient delivery.” – Deepankar Banerjee, Chief Executive Officer, ExxonMobil Lubricants Pvt Ltd
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 and is one of the world’s largest integrated refiners, marketers of petroleum products and chemical manufacturers. For more information, visit www.exxonmobil.com or follow us on Twitter www.twitter.com/exxonmobil.
About ExxonMobil in Singapore
ExxonMobil is one of Singapore’s largest foreign manufacturing investors with over S$20 billion in fixed assets investments. Our Singapore affiliate, ExxonMobil Asia Pacific Pte Ltd, (EMAPPL) has manufacturing facilities which include refinery operations in Jurong and a world-scale petrochemical plant on Jurong Island. EMAPPL has a network of service stations under the Esso brand and is a supplier of cylinder cooking gas. EMAPPL also serves the commercial market with its industrial, aviation and marine fuels and lubricants. As a corporation, ExxonMobil is committed to addressing the challenge of sustainability – balancing economic growth, social development and environmental protection. In line with those strategies, ExxonMobil and EMAPPL contribute to programs in Singapore that support the arts and education, the community and the environment. For more information, visit www.exxonmobil.com.sg or follow us on Twitter www.twitter.com/exxonmobil_sg
About Mobil 1
The world's leading synthetic motor oil brand, Mobil 1 features anti-wear technology that provides performance beyond our conventional motor oils. This technology allows Mobil 1 to meet or exceed the toughest standards of car builders and to provide exceptional protection against engine wear, under normal or even some of the most extreme conditions. Mobil 1 flows quickly in extreme temperatures to protect critical engine parts and is designed to maximize engine performance and help extend engine life.
For more information, visit www.mobiloil.com on Facebook www.facebook.com/mobil1 and on Twitter, @Mobil1.
Mobil and Mobil 1 are registered trademarks of Exxon Mobil Corporation.
Cautionary Statement: Statements relating to future plans, projections, events or conditions are forward-looking statements. Actual results, including project plans, efficiencies and market impacts could differ materially due to factors including: changes in oil, gas or petrochemical prices or other market or economic conditions affecting the oil, gas and petrochemical industries, including the scope and duration of economic recessions; changes in law or government regulation, including tax and environmental requirements; the outcome of commercial negotiations; changes in technical or operating conditions; actions of competitors; future demand growth; and other factors discussed under the heading "Factors Affecting Future Results" in the “Investors” section of our website and in Item 1A of ExxonMobil's 2016 Form 10-K. We assume no duty to update these statements as of any future date. The term “project” as used in this release does not necessarily have the same meaning as under SEC Rule 13q-1 relating to government payment reporting.
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