Baker Hughes opens a new chemical plant in Singapore,

  • Opening of a new chemical manufacturing plant on August 16
  • Locally sourced raw materials and a localized supply chain optimize manufacturing, while aligning with Singapore’s sustainability movement

SINGAPORE, Aug. 16, 2022 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, is expanding its presence in Asia by opening a new oilfield services chemical manufacturing facility in Singapore, enabling manufacturing and faster delivery of suitable chemical solutions. The facility, spanning approximately 40,000 square meters, will manufacture, store and distribute chemical solutions for upstream, midstream, downstream and adjacent industries to support regional customers and boost Baker’s localization efforts Hughes.

The new facility builds on Baker Hughes’ recent strategy to source and produce chemicals near major demand centers, including the announced chemical joint venture with Dussur in Saudi Arabia. As a technology-driven automated facility, the Singapore facility is aligned with Baker Hughes’ carbon reduction goals and supports Singapore’s “Green Plan 2030” – a national sustainable development movement to tackling climate change to build a sustainable future with net zero emissions. . The overall process design of the facility, in addition to the facility’s ethylene oxide pipeline, also reduces the need for road transport and chemical handling.

“The opening of the Singapore chemical manufacturing plant significantly expands our ability to serve the Asia-Pacific oilfield services industry,” said Maria Claudia Borras, executive vice president of oilfield services at Baker. Hughes. “The opening of this facility is part of our vision to meet customer needs and invest for growth in the increasingly important chemical sector. We’re proud to make this investment, and I’m excited about the opportunities ahead of us. »

“Baker Hughes has a longstanding commitment to localization in the region. By investing in this facility, we are enabling job creation, improving supply chain practices and streamlining our operations,” said Lorenzo Simonelli, President and CEO of Baker Hughes. “It was an honor to celebrate this milestone with many esteemed guests today, including Mr. Gan Kim Yong, Minister of Trade and Industry, Dr. Beh Swan Gin, Chairman of the Singapore Economic Development Board, Mr. Alvin Tan, Deputy Managing Director, Industry Cluster Group, JTC Corporation, our customers and our Baker Hughes team.

This is Baker Hughes’ first chemical facility in the region. Outside of chemicals, Baker Hughes has a long history of being localized in Singapore with over 800 employees across the country. The company’s footprint in Singapore includes an oilfield equipment and services manufacturing site, a common turbomachinery and process and digital solutions site, and a completions and response manufacturing site. well (CWI).

“We warmly welcome Baker Hughes’ investment in a new facility to produce petroleum service chemicals from Singapore. This demonstrates Singapore’s attractiveness for the high value-added downstream specialty chemicals sector and will enable the company to meet growing customer demand in Asia-Pacific,” said Dr Beh Swan Gin. , Chairman of the Singapore Economic Development Board.

Along with the opening of the facility, the Baker Hughes Foundation also announced that it was in talks to provide a $100,000 grant to Singapore Management University to help bring about positive social change in Singapore.

About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Backed by a century of experience and operating in more than 120 countries, our innovative technologies and services advance energy – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

For more information please contact:

Media Relations – Worldwide
Adrian Lynch
+1 713-906-8407
[email protected]

Media Relations – APAC
Adeline Teo
+65 8380 4045
[email protected]

Investor Relations
Jud Bailey
+1 281 809 9088
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/943bd064-d761-46d2-9ce5-dad921fed9d3

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