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Singapore Refining Company

Full company profile

uuid0009fpg

Namestring
Singapore Refining Company
Legal namestring
Singapore Refining Company Private Limited
Websiteurl
src.com.sg
Company typeenum
Private
Founded yearstring
-
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersSingapore, Singapore
HQ citystring
Singapore
HQ countrystring
Singapore
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
crude oil refining, petroleum products manufacturing, fuel products supply, chemical feedstock production, refinery operations
Industry3 codes
1Conversion Refineries (FCC/Hydrocracking/Coking)
CodeEUALAGABPrimaryYes
2Refinery Offsites, Storage & Loading (Tankage, Truck/Rail/Marine Loading)
CodeEUALAGAKPrimaryNo
3Liquid Bulk Petroleum Terminals (Crude, Refined Products)
CodeTLAHABAHPrimaryNo
NAICS code3 codes
  • Petroleum Refineries324110
  • Petrochemical Manufacturing32511
  • Petroleum Bulk Stations and Terminals424710
SIC code3 codes
  • Petroleum Refining2911
  • Wholesale-Petroleum Bulk Stations & Terminals5171
  • Chemicals & Allied Products2800
Product category
Petroleum Refining
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Refined Petroleum Products Sales
TypeHardware Sales
Description

SRC operates a refinery that processes 290,000 barrels of crude oil per day to produce fuel products and chemical feedstocks. Products include LPG, Propylene, Chemical Naphtha, Reformate, Alkylate, Motor Gasoline, Kerosene/Jet Fuel, Gas Oils, Low Sulfur Fuel Oil, Bunker Fuel Oil, Heavy Residue, Asphalt, Molten Sulfur, and Steam. Products are supplied to domestic markets and overseas export markets primarily in the Far East under the brand labels of the shareholders.

src.com.sg
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Singapore Refining Company operates an integrated petroleum refinery on Jurong Island, Singapore, with a crude processing capacity of 290,000 barrels per day. The refinery produces fuel products including LPG, motor gasoline, jet fuel/kerosene, diesel, fuel oil, and bunker fuel, as well as chemical feedstocks (propylene, naphtha, reformate, alkylate) and industrial byproducts (asphalt, molten sulphur, steam). Products are distributed to domestic Singapore markets and Far East export markets under the brand labels of its shareholders.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Singapore Refining Company (SRC) operates as a single integrated refinery complex on Jurong Island. The 290,000-barrel-per-day refinery is a 50-50 joint venture between Singapore Petroleum Company Limited and Chevron Singapore Pte. Ltd. The refinery produces fuel products (Liquefied Petroleum Gas, Motor Gasoline, Jet Fuel/Kerosene, Diesel, Fuel Oil, Bunker Fuel) and chemical feedstocks (Propylene, Naphtha, Reformate, Alkylate) distributed under shareholder brand labels to domestic and export markets. The manufacturing complex includes Crude Distillation Units, Catalytic Reformer Complex, Hydrocracker Complex, Visbreaker, Residue Catalytic Cracker Complex, and a Cogeneration Power Plant commissioned in 2017.

Product and service4 records
1Crude Oil Refining
CategoryCore Refining Service
Description

Integrated crude oil refining service capable of processing 290,000 barrels of crude per day into fuel products and chemical feedstocks, supplied to domestic Singapore and Far East export markets under shareholder brand labels (SPC and Chevron).

2Fuel Products
CategoryRefined Petroleum Fuels
Description

Refined petroleum fuel products including LPG, motor gasoline, kerosene/jet fuel, gas oils/diesel, low sulphur fuel oil, bunker fuel oil, and heavy residue, produced for transportation, industrial, and marine bunkering applications.

3Chemical Feedstocks
CategoryChemical Feedstocks
Description

Petrochemical feedstocks including propylene, chemical naphtha, reformate, and alkylate supplied to downstream petrochemical industries on Jurong Island and export markets.

4Industrial Products
CategoryIndustrial Byproducts
Description

Industrial byproducts produced during refining, including asphalt, molten sulphur (recovered via the Sulphur Recovery Unit), and steam (from the Cogeneration Power Plant), sold for industrial applications.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
1PetroChina
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-03-01
Description

PetroChina holds a first right of refusal on Chevron's 50% stake in Singapore Refining Company. PetroChina shipped approximately 1.8 million barrels of crude oil from storage in Dalian, China, to SRC in late March 2026 to cover shortfalls caused by the Iran war disrupting Middle East crude supply.

2Singapore Petroleum Company Limited
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Singapore Petroleum Company Limited (SPC) is a 50% joint venture partner in Singapore Refining Company. SPC is part of the PetroChina group. SRC operates under the brand labels of its shareholders including SPC for distribution of refined petroleum products to domestic and export markets.

3Chevron Singapore Pte. Ltd.
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Chevron Singapore Pte. Ltd. holds a 50% stake in Singapore Refining Company as a joint venture partner. Chevron is divesting its stake to Eneos Holdings for approximately $2.2 billion, with the deal expected to close in 2027. Products are distributed under Chevron's brand labels. Chevron also provides technology and operational expertise.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Singapore Refining Company

Petroleum Refiningsrc.com.sg

Singapore Refining Company firmographics

Firmographics
Name
Singapore Refining Company
Legal name
Singapore Refining Company Private Limited
Website
https://src.com.sg
Company type
Private
Operating status
Operating
Headcount range
501–1,000 employees
Ownership category
akta.pro rank

Singapore Refining Company industry classification

Industry
Product category
Petroleum Refining
NAICS
Petroleum Refineries (324110), Petrochemical Manufacturing (32511), Petroleum Bulk Stations and Terminals (424710)
SIC
Petroleum Refining (2911), Wholesale-Petroleum Bulk Stations & Terminals (5171), Chemicals & Allied Products (2800)
akta.pro primary industry
Conversion Refineries (FCC/Hydrocracking/Coking) (EUALAGAB)
akta.pro secondary industries
Refinery Offsites, Storage & Loading (Tankage, Truck/Rail/Marine Loading) (EUALAGAK), Liquid Bulk Petroleum Terminals (Crude, Refined Products) (TLAHABAH)

Keywords

  • Crude oil refining
  • Petroleum products manufacturing
  • Fuel products supply
  • Chemical feedstock production
  • Refinery operations

Where Singapore Refining Company is headquartered

Location

Headquarters

HQ city
Singapore
HQ country
Singapore
HQ region
Asia

Offices1 record

Markets served

Singapore Refining Company business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

  1. Refined Petroleum Products Sales: SRC operates a refinery that processes 290,000 barrels of crude oil per day to produce fuel products and chemical feedstocks. Products include LPG, Propylene, Chemical Naphtha, Reformate, Alkylate, Motor Gasoline, Kerosene/Jet Fuel, Gas Oils, Low Sulfur Fuel Oil, Bunker Fuel Oil, Heavy Residue, Asphalt, Molten Sulfur, and Steam. Products are supplied to domestic markets and overseas export markets primarily in the Far East under the brand labels of the shareholders.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Singapore Refining Company product offering

Product offering

Core offering

Singapore Refining Company operates an integrated petroleum refinery on Jurong Island, Singapore, with a crude processing capacity of 290,000 barrels per day. The refinery produces fuel products including LPG, motor gasoline, jet fuel/kerosene, diesel, fuel oil, and bunker fuel, as well as chemical feedstocks (propylene, naphtha, reformate, alkylate) and industrial byproducts (asphalt, molten sulphur, steam). Products are distributed to domestic Singapore markets and Far East export markets under the brand labels of its shareholders.

Product overview

Singapore Refining Company (SRC) operates as a single integrated refinery complex on Jurong Island. The 290,000-barrel-per-day refinery is a 50-50 joint venture between Singapore Petroleum Company Limited and Chevron Singapore Pte. Ltd. The refinery produces fuel products (Liquefied Petroleum Gas, Motor Gasoline, Jet Fuel/Kerosene, Diesel, Fuel Oil, Bunker Fuel) and chemical feedstocks (Propylene, Naphtha, Reformate, Alkylate) distributed under shareholder brand labels to domestic and export markets. The manufacturing complex includes Crude Distillation Units, Catalytic Reformer Complex, Hydrocracker Complex, Visbreaker, Residue Catalytic Cracker Complex, and a Cogeneration Power Plant commissioned in 2017.

Differentiator

Problem solved

Functional benefit

Products and services

  • Crude Oil Refining Integrated crude oil refining service capable of processing 290,000 barrels of crude per day into fuel products and chemical feedstocks, supplied to domestic Singapore and Far East export markets under shareholder brand labels (SPC and Chevron).
  • Fuel Products Refined petroleum fuel products including LPG, motor gasoline, kerosene/jet fuel, gas oils/diesel, low sulphur fuel oil, bunker fuel oil, and heavy residue, produced for transportation, industrial, and marine bunkering applications.
  • Chemical Feedstocks Petrochemical feedstocks including propylene, chemical naphtha, reformate, and alkylate supplied to downstream petrochemical industries on Jurong Island and export markets.
  • Industrial Products Industrial byproducts produced during refining, including asphalt, molten sulphur (recovered via the Sulphur Recovery Unit), and steam (from the Cogeneration Power Plant), sold for industrial applications.

Companies that use Singapore Refining Company

Customer profile

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Singapore Refining Company technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Singapore Refining Company partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core.

  • PetroChinacoreStrategic or Co-development Partner · 1 March 2026PetroChina holds a first right of refusal on Chevron's 50% stake in Singapore Refining Company. PetroChina shipped approximately 1.8 million barrels of crude oil from storage in Dalian, China, to SRC in late March 2026 to cover shortfalls caused by the Iran war disrupting Middle East crude supply.
  • Singapore Petroleum Company LimitedcoreStrategic or Co-development PartnerSingapore Petroleum Company Limited (SPC) is a 50% joint venture partner in Singapore Refining Company. SPC is part of the PetroChina group. SRC operates under the brand labels of its shareholders including SPC for distribution of refined petroleum products to domestic and export markets.
  • Chevron Singapore Pte. Ltd.coreStrategic or Co-development PartnerChevron Singapore Pte. Ltd. holds a 50% stake in Singapore Refining Company as a joint venture partner. Chevron is divesting its stake to Eneos Holdings for approximately $2.2 billion, with the deal expected to close in 2027. Products are distributed under Chevron's brand labels. Chevron also provides technology and operational expertise.

Scale indicators8 records

Singapore Refining Company competitors and assessment

Company assessment

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Singapore Refining Company social profiles

Digital presence

Singapore Refining Company compliance and trust

Trust signal

Compliance3 records

Singapore Refining Company financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Singapore Refining Company leadership team

Management profile

Number of profiles

Singapore Refining Company funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Singapore Refining Company M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Singapore Refining Company

What does Singapore Refining Company do?

Singapore Refining Company operates an integrated petroleum refinery on Jurong Island, Singapore, with a crude processing capacity of 290,000 barrels per day. The refinery produces fuel products including LPG, motor gasoline, jet fuel/kerosene, diesel, fuel oil, and bunker fuel, as well as chemical feedstocks (propylene, naphtha, reformate, alkylate) and industrial byproducts (asphalt, molten sulphur, steam). Products are distributed to domestic Singapore markets and Far East export markets under the brand labels of its shareholders.

Is Singapore Refining Company a public or private company?

Singapore Refining Company is a private company. It is classified as corporate owned and is currently operating.

When was Singapore Refining Company founded?

Singapore Refining Company was founded in -1. It employs 501 to 1,000 people.

Where is Singapore Refining Company based?

Singapore Refining Company is headquartered in Singapore, Singapore, in the Asia region.

How does Singapore Refining Company make money?

One revenue line is on record: refined Petroleum Products Sales.

Does Singapore Refining Company have an API?

No public API is recorded for Singapore Refining Company.

What industry is Singapore Refining Company in?

Singapore Refining Company's product category is Petroleum Refining. Its primary akta.pro industry code is EUALAGAB, Conversion Refineries (FCC/Hydrocracking/Coking), with a secondary code of EUALAGAK, Refinery Offsites, Storage & Loading (Tankage, Truck/Rail/Marine Loading). Its NAICS code is 324110 and its SIC code is 2911.

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Live signals
ABCAnthony Albanese dashes to Singapore as Australia engages in a costly, complex fuel scrambleAustralian Prime Minister Anthony Albanese is travelling to Singapore for bilateral talks with PM Lawrence Wong, seeking priority fuel supply arrangements as global energy markets face disruption from the Iran conflict and Strait of Hormuz closure. Australia imports 90% of its liquid fuels, with Singapore serving as its largest supplier of petrol (55%) and a major source of diesel and jet fuel, though Singapore Refining Company's Jurong Island refinery is operating at only 60% capacity due to crude supply shortages. Australian fuel importers are now sourcing shipments from as far as the Gulf of Mexico, Sudan and the United Kingdom to cover shortfalls, with the government agreeing to underwrite future shipments as costs escalate and the supply outlook remains precarious beyond May.BloombergEneos Leads Bids for Chevron’s Singapore Oil Refinery StakeJapan’s Eneos Holdings Inc. is leading the bid to acquire Chevron Corp.’s 50% stake in the Singapore Refining Company, with Glencore Plc. and Vitol Group also participating as suitors. The transaction is nearing a conclusion, although potential delays remain possible.GlobeNewswireESGL Holdings Limited (NASDAQ: ESGL) Announces Multi-Year Contract Renewal with Singapore Refining Company Private LimitedESGL Holdings renewed its used catalyst disposal contract with Singapore Refining Company Private Limited on November 15, 2023, extending services through December 31, 2025. The CEO said the two-year renewal reflects the company's strategy and long-term potential with SRC.