Refining
Chevron has a 50 percent interest in the Singapore Refining Company in Singapore. The refinery, which can process 290,000 barrels of crude oil per day, serves Asia-Pacific.
In 2008, the Singapore Refinery continued work on modifications that enable the refinery to meet new stringent regional specifications for lower-sulfur clean diesel fuels. These modifications are targeted for completion in the second quarter of 2009.
Supply and Trading
Chevron's Singapore office is one of the company's three global trading hubs (the other two are in London and Houston). In Singapore, Chevron's businesses trade approximately 2 million barrels of crude oil and refined products daily on average. The businesses trade crude oil and refined products and manage risks in oil futures, derivatives and other financial markets.
Marketing and Lubricants
Chevron offers Caltex-branded products to consumers in Singapore, including Caltex gasoline (petrol) with Techron®, Power Diesel®, and Havoline® and Delo® engine oils.
Chevron has 33 Caltex-branded service stations, 24 Star Marts® and nine mini-marts in Singapore. Chevron also markets asphalt and fuels to inland industrial and commercial customers.
The Caltex brand, which is Chevron's main marketing brand in Asia, the Middle East and Africa, is also managed from Singapore.
The company also markets marine fuels and lubricants and coordinates fuel and marine lubricant activities in other Asia locations through its fuel and marine marketing business.
Chevron supplies Caltex-branded aviation fuel to airlines in Singapore. Chevron Global Aviation's annual sales of aviation fuel at Singapore Changi International Airport totaled 5.1 million barrels in 2008.
Chemical
Singapore is the Asia-Pacific regional headquarters for Chevron Oronite. Our Singapore Manufacturing Plant on Jurong Island is the largest lubricants additive manufacturing facility in the Asia-Pacific region. It produces additives for lubricants sold in more than 15 countries throughout the region. The products also are shipped to Oronite distribution points worldwide.
An expansion of detergent-production capacity at the Singapore facility is currently under way and is scheduled for completion by the end of 2009.
CPChem
Chevron is involved in two chemical facilities in Singapore through our joint venture Chevron Phillips Chemical Company LLC (CPChem). CPChem's Tuas plant produces Ryton® PPS compounds, a high-performance polymer known for its stability and resistance to heat and corrosive chemicals. Ryton® PPS is used in computer components, automobile parts and electrical equipment.
CPChem also is engaged in a joint venture that operates the Jurong Island petrochemical facility. The plant manufactures high-density polyethylene, a resin used to make plastic pipe, shopping bags, milk jugs, food and beverage containers, and household chemical and detergent bottles.
Updated: March 2009