Singapore's biggest local oil trader Hin Leong Trading is moving on the vertical integration track as the company awaits regulatory approval for the proposed construction of a mega 300,000 to 500,000 barrel-per-day (bpd) green field integrated manufacturing complex on Jurong Island, the company's Executive Director Evan Lim told DownstreamToday in an exclusive interview.
In the interview, Lim provides details on the proposed $6.5 to $8 billion (SGD 8 to SGD 10 billion) integrated manufacturing complex. He also discloses Hin Leong's expansion plans, which include expanding its terminaling business beyond Singapore shores and possible IPO plans.
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