Baker Hughes (NASDAQ:BKR), an energy technology firm, is growing its presence in Asia by establishing a new oilfield services chemicals production facility in Singapore, allowing for manufacturing optimization and speedier delivery of fit-for-purpose chemical solutions. The 40,000-square-meter facility will produce, store, and distribute chemical solutions for the primary, midstream, downstream, and adjacent sectors, supporting regional customers and bolstering Baker Hughes’ localization operations.

The new plant expands on Baker Hughes’ previous sourcing and production strategy near key demand hubs, such as the recently announced chemicals joint venture firm with Dussur in Saudi Arabia. The Singapore facility, as a technology-driven, controlled facility, is aligned with Baker Hughes’ carbon reduction aims and supports Singapore’s “Green Plan 2030” – a nationwide sustainability campaign to combat climate change and achieve a sustainable future with net zero emissions. In addition to the ethylene oxide pipeline, the overall process design of the facility lowers the requirement for road transport and chemical handling. 

“Baker Hughes has a long history of localization in the region.” “By investing in this facility, we are allowing job creation, improving supply chain practices, and streamlining our operations,” stated Baker Hughes Chairman and CEO Lorenzo Simonelli. “It was an honor to celebrate this achievement with many distinguished guests today, including Mr. Gan Kim Yong, Minister of Trade and Industry, Mr. Alvin Tan, Assistant CEO of Industry Cluster Group, JTC Corporation, our customers, and our Baker Hughes team.”

This is Baker Hughes’ first chemical facility in the region. Baker Hughes has a long history of localization in Singapore, with over 800 people spread around the country. An oilfield services and equipment manufacturing site, a joint turbomachinery and process solutions and digital solutions facility and a completions and well intervention (CWI) manufacturing site are all part of the company’s Singapore footprint.

“We enthusiastically welcome Baker Hughes’ investment in a new facility in Singapore to develop oilfield services chemicals.” It demonstrates Singapore’s attractiveness to the high-value downstream specialty chemicals sector and will allow the company to meet expanding demand from consumers in the Asia Pacific,” said Dr. Beh Swan Gin, Chairman of the Singapore Economic Development Board.

In connection with the facility’s launch, the Baker Hughes Foundation announced that it is in discussions with the Singapore Management University to offer a $100,000 donation to help foster positive social change in Singapore.

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