Exxon Mobil and Shell Joint Venture Run Infineon invested 150 million U.S. dollars to build a new lubricant additive production facility in Singapore, which started operations on May 14, 2014, and mainly produces calcium salicylate.
Infineon CEO Zavier Lemindee said that this is the highest single investment project since the establishment of Run Infineon in 1999. This new investment will help Run Infineon expand its position as a leader in the transportation of lubricant additives.
Calcium salicylate produced by Infineon is mainly used as an additive for transportation lubricants, which can play a role in decomposing residues, lubricating machinery, and reducing pollution emissions. It is also one of the company’s advantageous products. Lubricants containing this substance are used in large thrust engines such as freighters, goods vehicles and passenger cars. However, this type of calcium salicylate previously supplied by Infineum is only produced in France.
Infineon would not disclose the capacity of its new facilities and the scale of the global market. However, the company’s executives said that the Asian region is an important growth market. Zavier Lehler, the head of Infineum Singapore, said that although the production and supply of Yun Yinglian are managed globally, this new production facility is located in Singapore and the supply of the Asia-Pacific market is obviously the main source of this. From the perspective of the use of this additive, the ship is one of the main uses, and Singapore is located on the world's busiest sea route.
Singapore’s Prime Minister’s Office, Minister of Trade and Industry, and Yi Wuren, the second Minister of the Ministry of Interior, said that Singapore is a busy shipping and air transportation hub. The Singaporean government hopes to develop some special chemical industries, and lubricant additives are among them.