Total to open their biggest lubricant oil blending plant in Singapore

With an investment worth $150 million, Total aims to boost their lubricant supply in the Asia-Pacific region, which already represents 25 per cent of their international sales, reports the press release.

French oil and gas company Total hopes to double their sales in Asia with this investment. The new plant will have a production capacity of 310,000 metric tons, producing lubricant oils and supplying a wide range of sectors in Asia-Pacific region.

"Its location is, in terms of logistics, really well-located to supply the whole Asian region, and this plant will be able to supply not only the Singapore market, but also the other markets,” said Philippe Boisseau, Member of the Executive Committee at Total.

“As the industry competes globally, we have to continually look for ways to improve our competitive advantage to stay ahead. We will work with companies to apply innovative solutions to maintain competitiveness and ensure sustainable growth,” he said.

Asia is the largest growing region of the world with a 4 billion population - all possible energy consumers. Their demand for lubricants is expected to grow by 18 per cent, reaching 20 million tons by 2025, nearly half of the world’s global demand, states the press release.