Total Lubmarine Opens New Lubricant Blending Plant in Singapore
Company says new "state-of-the-art" blending facility will boost annual production capacity of 310,000 mt.
The new facility will reportedly boost Total’s lubricant supply in the Asia-Pacific region, said to represent more than 25 percent of the company’s lubricants sales.
Total Lubmarine\u00a0Thursday announced in an emailed press release that it has opened a new "state-of-the-art" blending facility in the Singapore Lube Park in Tuas South\u00a0with an annual production capacity of 310,000metric tonnes (mt).
Total says the decision to open the new plant came as a result of increasing demand from the shipping industry in the Asia-Pacific region for its marine lubricants.
\u2028The new facility will boost Total's lubricant supply in the region, which is said to represent more than 25 percent of the company's lubricants sales.
"The new facility will produce high quality lubricant oils and supply a wide range of segments, including automotives (two wheelers an cars), industrials as well as marine," said Total in the statement.
Total intends to double its Asian sales, with production from the new plant accounting for a majority of the accelerated growth.
"Total intends to double its Asian sales, with production from the new plant accounting for a majority of the accelerated growth."
The company says that with a population of more than 4 billion, Asian demand for lubricants is expected to grow by 18 percent, to 20 million tonnes by 2025, almost half of global demand.\u2028\u2028
"This vast new plant underlines the commitment that Total has to the region and the importance of the shipping industry to us," said Serge Dal Farra, Head of Marketing at Total.
"Singapore is one of our busiest and most important marine hubs and we are able to meet our customers' complex supply and technical support needs from here.
\u2028\u2028"The new facility will provide direct access to the sea via a large brand new jetty allowing for easy delivery of raw materials and quick loading of finished products onto supply barges."
Skangas duel fuel LNG carrier Coral Energy (image credit/Skangas)
Liquified natural gas (LNG) bunker tanker Coralius has made its first trip loading and delivering LNG to and from Norwegian ports, according to trade press reports.
The 5,800 cubic meter capacity tanker, which is owned by Norwegian gas company Skangas, was delivered to the company in June. Skangas also operates LNG carrier Coral Energy.
OPEC Cutback Extension to be Discussed in November, But Developments Could Render Any Deal Meaningless
Analysts say everything from Saudi exploration to rising tensions with North Korea could radically alter the dynamics of the international market. File Image / Pixabay
Ever since the Organization of the Petroleum Exporting Countries (OPEC) extended the duration of its production cuts earlier this year to March of 2018, speculation has been rampant that the meager cutback volume coupled with the large number of members