Exxon starts up new Singapore refining unit, using first-of-its-kind technology

[Oil Prices Volatile As Coronavirus Lockdowns Decimate Demand]
Dean Mouhtaropoulos/Getty Images News

Exxon Mobil (NYSE:XOM [https://seekingalpha.com/symbol/XOM]) said Tuesday it has started production [https://corporate.exxonmobil.com/locations/singapore/singapore-updates/news-releases/09232025-exxonmobil-starts-first-of-its-kind-technology-in-singapore] at new facilities at its Singapore oil refinery complex to produce base stocks from residue fuel, using a first-of-its-kind technology in Singapore to increase production of higher-value products, including a range of lubricant base stocks and fuel.

Exxon (NYSE:XOM [https://seekingalpha.com/symbol/XOM]) said the new facilities expand its Group II base stocks production capacity by 20,000 bbl/day, including up to 6,000 bbl/day of the new-to-industry EHC 340 MAX, which improves lubricant performance for commercial vehicles and industrial sectors through engine oils, gear oils, marine oils and greases.

The combination of technologies converts fuel oil and other bottom-of-the-barrel crude products into higher-value lube base stocks and distillates, the company said.

Crude imports at Exxon's (XOM [https://seekingalpha.com/symbol/XOM]) Singapore refinery hit an all-time high [https://www.reuters.com/business/energy/exxon-mobil-begins-production-new-base-stock-facilities-singapore-2025-09-23/] 541,000 bbl/day in August, according to Kpler data since 2016, driving high-sulfur crude demand in the region.

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