07/03/2015 - Press release
Singapore: Total Starts Up Its World’s Largest Lubricants Oil Blending Plant To Accelerate Growth In Asia
Paris – Total has announced the start up of its largest state-of-the-art lubricants oil blending plant in the world, located in Singapore. With an annual production capacity of 310,000 metric tons, this new major hub will boost Total’s lubricant supply in the Asia-Pacific region, which already represents more than 25% of Total’s lubricants sales.
“Our new Singapore lubricants hub illustrates our strategy to grow the Marketing & Services segment while maintaining a high profitability and contributing strongly to the Group’s financial performance. It will allow us to expand our position as one of the top global players in this high return business segment. Total aims to leverage its partnerships to outpace market growth in Asia, which is a key region for future energy demand”, said Philippe Boisseau, member of Total’s Executive Committee, President of Marketing & Services.
Total intends to double its Asian sales, with production from the new plant accounting for a majority of the accelerated growth. The new facility will produce the highest quality lubricant oils and supply a wide range of segments in the Asia Pacific region, including automotives (two wheelers and cars), industrials and marine.
With a population of more than 4 billion, Asian demand for lubricants is expected to grow by 18% and reach 20 million tons by 2025, almost the half of the world’s global demand.
About Total Lubricants
Total Lubricants markets products in 150 countries and employs close to 5,000 people. It operates 45 production plants with annual sales of almost 2 million tons in 2014. The division operates two R&D centers, one in Europe and one in Asia, developing lubricants for the automotive, industrial and marine segments in partnership with the world’s leading automakers and industrial companies. It has a strong presence as a lubricants supplier in motor sports crowned with 27 world championship titles in Formula One and is differentiated by its product quality and customer service. lubricants.total.com
About Total Marketing & Services in Asia-Pacific
Total Marketing & Services headquarters for the Asia-Pacific region are located in Singapore. With over 4,000 employees across 20 countries, its teams are driven by innovation and growth, bringing customers a wide range of products and services including retail networks, lubricants, LPG, special fluids, aviation and transportation fuels.total.sg
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