03 February 1997 00:00 [Source: ACN]
CONSTRUCTION of Chevron's US$200m lubricant additives plant has begun on Pulau Sakra, Singapore. The plant, with a capacity of over 100 000 tonne/year, is expected to be fully operational by end-1998.
Chevron Chemical Far East managing director David Mueller said that with Asia's first worldscale additives plant, the company is poised to increase its market share in the Asia Pacific from 15-20% to 20-25%.
To meet the region's rapid growth of 8-10%/year, the plant has also been designed so that its original capacity can be doubled at very low incremental cost, he said.
Chevron plans to export more than 80% of the output to major oil companies in the region, and possibly to the Middle East.
Aromatics in Thailand: p19
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