Energy giants Shell, Sinopec and Total have come together to build a shared lubricants park in Tuas - the first of its kind here.
Called the Singapore Lube Park, it is a joint venture between Shell Eastern Petroleum, Sinopec Lubricant (Singapore) and Total Oil Asia Pacific.
The partnership will cover operations of shared facilities, including an import and export jetty, common pipelines, infrastructure and exclusive storage facilities.
These will service their respective new lube oil blending plants and grease manufacturing plants, which will be located on separate sites adjacent to the lube park.
Construction is planned to start later in the year and is set to be completed by 2015.
When ready, Shell's two new plants in Tuas will replace its Woodlands plant. Total will construct a new blending plant in Tuas to replace two existing plants in Jurong Pandan and Pioneer. Sinopec's new plant in Tuas was opened last week.