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(infineum) -- Infineum, a global
provider of petroleum additives, has broken ground for its first salicylate
plant outside Europe.
To be located in Singapore's energy and chemical
hub Jurong Island, the plant will manufacture salicylate detergents, when fully
operational in the fourth quarter of 2013. This USD150 million plant is
Infineum's largest investment to date. Infineum is a joint venture between Shell
and ExxonMobil.
Salicylates are used as additives in motor oils for passenger cars and
trucks, and also has applications in marine and gas engine oils. The Singapore
plant will serve the Asia-Pacific region and complement its sister plant located
in Berre, France.
Infineum Singapore global business manager, specialities Lim Siang Yong said:
"We invest only to meet the market growth. "Our customers have told us that this
market, especially in Asia Pacific, is going to grow significantly beyond the
global average. And this is the reason why we invested in Singapore for the
first salicylate plant."
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