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SHELL, SINOPEC AND TOTAL PARTNER TO BUILD INDUSTRY’S FIRST SHARED LUBE PARK IN SINGAPORE
The Lube Park concept will be the first of its kind in the Lubricants industry.
“We are very pleased to be part of this project. The new Lube Park is a great example of collaboration among companies and the Singapore government to find innovative solutions to optimise the use of resources in Singapore. Our Singapore operations are a vital part of our global lubricants business, as it supplies lubricants and greases to more than 30 countries in the Asia pacific region. These new facilities, when operational, will ensure we remain competitive but more importantly, allow us to enhance our offerings to our customers,” said Dennis Cheong, Shell’s Vice President¸ Lubricants Supply Chain.
"Through the unique and innovative model, three multinational oil and gas companies have achieved a win-win situation, which will benefit our lubricant businesses respectively and offer all a prosperous future. Based on the successful co-operation, we will continue to explore the possibility of enhancing this win-win relationship," said Jiang Yunde, Vice President, Sinopec Lubricant Company.
“Besides substantial cost benefits from the economies of scale, this equal collaboration will allow us to exchange technical expertise and standards across the three global organisations with diverse culture and strengths,” added Tan Pai Kok, Total’s Vice President, Lubricants.