(EnergyAsia, July 3 2014, Thursday) — US-based Afton Chemical Corporation has started construction of a new chemical additives manufacturing facility on Singapore's Jurong Island.
The plant is expected to start up in January 2016 to add to the Richmond, Virginia company's global supply network of additives to meet growing demand in the Asia-Pacific and Middle East markets.
To support Afton's engine oil business, the plant will begin producing detergents for commercial use in 2016. Construction and startup of additional units to produce dispersants and anti-wear components will follow with full operation expected by 2019.
Afton said it will review opportunities to expand the plant based on future market conditions.
Afton said it selected the site after an extensive analysis based on local infrastructure, market access, economics, safety and logistics. Foster Wheeler Singapore will manage the engineering and construction.
"In recent years, we've intensified our focus on this important region, and our strategy to meet its needs. Since 2008, we've opened two new sales offices, four local warehouses, and expanded our R&D facilities. We'll continue to explore opportunities to better serve the region," said Damian Barnes, Afton's supply vice president.
"Afton Chemical has been a key player in the lubricant and fuel additive industry for more than 90 years. We have a strong commitment to Asia's fast-growing economy, and this plant means we can improve service levels to all of our customers in the region and security of supply to all customers worldwide," " said Rob Shama, Afton's President.
Afton Chemical Corp, a subsidiary of the NewMarket Corp, develops and manufactures petroleum additives that help fuels burn cleaner and more efficiently, engines run smoother, and machines last longer.
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