Innoco Oil

What Innoco Oil does

Innoco Oil Pte Ltd is a Singapore-incorporated specialty chemicals and fuel distribution company founded in 1993, operating from a 66,000 sq ft licensed facility in Jurong with an owned fleet of road tankers and delivery trucks. The business is organized into three segments: Distribution (reselling fuels from Shell, ExxonMobil, Caltex, and SPC, plus third-party lubricant and silicone brands including Duckhams Oil (UK), Gulf Oil, Wacker Chemie AG, and Castrol), Manufacturing (INCO-branded specialty chemicals covering AdBlue/AUS 32 urea solutions, engine coolants, lubricants and greases, construction chemicals, and specialty degreasers), and Logistic Services (warehousing with flammable storage licensing, toll/contract blending, container stuffing, repacking, re-labeling, and freight forwarding). The company serves over 300 customers across Construction, Manufacturing, Automotive, Marine, Oil & Gas, Aerospace, and Textile verticals, with INCO products marketed across at least 12 Asia Pacific countries and a Bangladesh joint venture (Inno Chemicals Limited, est. 2004) supporting textile chemicals distribution.

The company's core technology centers on liquid and powder blending, VDA-certified AdBlue manufacturing to ISO 22241 (the first in Singapore and Southeast Asia, achieved in 2015), and Organic Acid Technology (OAT) engine coolant formulations meeting ASTM D3306, BS6580, and OEM specifications. Proprietary brands include INCOBlue, INCOCool, INCO Lubricants, INCO Construction Chemicals, and INCO Specialty Chemicals, complemented by the Fill' n Go SmartBox - a bulk AdBlue storage and dispensing system with fleet card management. The company holds ISO 9001:2008 (since 2000), Bizsafe 3 (since 2013), VDA AdBlue (since 2015), and GOTS certifications.

Innoco generates revenue through transactional fuel and lubricant resale, specialty chemical sales under the INCO brand, and managed logistics/toll-manufacturing services. Go-to-market combines direct fleet-based enterprise sales with a distributor recruitment program across Asia Pacific and joint-venture channels such as the Bangladesh entity. Pricing is not publicly disclosed and is quote-based through a sales team. The company is privately held, managed by Managing Director Stephen Tan, and shows no record of institutional funding or M&A activity beyond the 2004 Bangladesh joint venture.

Name

Innoco Oil

Legal name

Innoco Oil Pte Ltd

Website

https://innocooil.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Innoco Oil is a Singapore-based specialty chemicals and fuel distributor founded in 1993, serving over 300 customers across construction, manufacturing, automotive, marine, oil & gas, aerospace, and textile sectors with INCO-branded specialty chemicals, third-party fuel and lubricant distribution, and integrated logistics services across Asia Pacific.

Ownership category

akta.pro rank

Product category

Specialty Chemicals & Industrial Lubricants

NAICS

Petroleum Lubricating Oil and Grease Manufacturing (324191), Petrochemical Manufacturing (32511)

SIC

Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Wholesale-Chemicals & Allied Products (5160), Chemicals & Allied Products (2800)

akta.pro primary industry

Lubricants, Fluids & Chemical Products Distribution (Oils, Coolants, AdBlue/DEF, Cleaners) (TLAKAOAL)

akta.pro secondary industries

Process Oils & White Oils (IMAEAMAK), Marine & Offshore Lubricants (Cylinder Oils, System Oils, EALs) (EUALAJAI), Fuel Blending & Additives Services (Blend Optimization, Compatibility) (TLAHAKAI)

Keywords

• Petroleum fuel distribution
• Industrial lubricant supply
• Specialty chemical manufacturing
• AdBlue urea solutions
• Logistics warehousing services

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Fuel Distribution: Distribution of petroleum fuels including Diesel (10ppm), MGO (500ppm), Kerosene, Petrol RON 95/98, and Shell IDF. Suppliers include Shell, ExxonMobil, Caltex, and Singapore Petroleum Company (SPC). Products supplied in bulk, loose, or drums to over 300 customers.
2. Lubricant Distribution: Distribution of automotive and industrial lubricants under own INCO brand as well as branded products including Duckhams Oil (UK - exclusive distributor since 2019), Gulf Oil, and Wacker Chemie AG silicone products (since 2002).
3. Specialty Chemicals Manufacturing: Manufacturing of specialty chemicals including degreasers, cleaners, coolants, and industrial specialty products sold under INCO brand to Construction, Automotive, and Textile sectors across Asia Pacific.
4. Logistic Services: Provision of warehousing, storage, toll/contract manufacturing, container stuffing/unstuffing, repacking, re-labeling, transportation, and freight forwarding services from their 66,000 sq ft facility in Jurong.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Innoco Oil distributes petroleum fuels (Diesel 10ppm, MGO 500ppm, Kerosene, Petrol RON 95/98, Shell IDF) sourced from Shell, ExxonMobil, Caltex, and SPC, and distributes third-party lubricant brands (Duckhams, Gulf Oil, Wacker Chemie AG). The company manufactures INCO-branded specialty chemicals including INCOBlue AdBlue/AUS 32/DEF, INCOCool engine coolants, automotive and industrial lubricants, construction chemicals (form oils, anti-mosquito oil, anti-rust oils), and specialty degreasers. It also operates integrated logistics services including warehousing, toll/contract manufacturing, container stuffing, repacking, re-labeling, and transportation from a 66,000 sq ft Jurong facility.

Product overview

Innoco Oil is a Singapore-based company (incorporated 1993) offering a diversified portfolio of three interconnected business areas: Distribution of fuels and third-party lubricant brands (Shell, ExxonMobil, Duckhams Oil, Gulf Oil, Wacker Chemie AG), Manufacturing of INCO-branded specialty chemicals (INCOBlue AdBlue/urea products, INCOCool engine coolants, lubricants, construction chemicals, specialty degreasers), and integrated Logistics Services from their 66,000 sq ft Jurong facility. The company serves construction, automotive, marine, textile, and industrial sectors across Singapore and Southeast Asia.

Differentiator

Problem solved

Functional benefit

Brands

• INCOBlue: AdBlue, AUS 40 and Technical Grade Urea (TGU) products for SCR applications in diesel engines
• INCOCool
• INCO Lubricants
• INCO Construction Products
• INCO Specialty Chemicals
• InNOBEL
• INCO

Products and services

• INCOBlue Brand of urea-based products for Selective Catalytic Reduction (SCR) technology, including AdBlue/AUS 32/DEF, AUS 40 (Marine Grade Urea), and Technical Grade Urea (TGU). Used in EURO 4/5/6 diesel engines and marine vessels to reduce NOx emissions. Manufactured and distributed under VDA certification to ISO 22241 standards. Targeted at automotive fleet operators, marine operators, and industrial diesel engine users in Singapore and Southeast Asia.
• INCOCool Brand of engine coolants featuring Organic Acid Technology (OAT), including EAF, EAF ELC (Extended Long Life), and NAF (Non-Ammonia Formula) variants. Products are suitable for aluminum, iron, copper and solder alloy engines and meet ASTM D3306, BS6580, and OEM specifications. Targeted at automotive workshops, fleet operators, and industrial engine users.
• INCO Lubricants & Grease Comprehensive range of automotive and industrial lubricants including Engine Oils (2T, Petrol, Diesel series), Hydraulic Oils (AW/AWH), EDM Oils, Cutting Oils, Slideway Oils, Knitting Oils, and various Grease types (MP/EP, HT, Moly, Chassis, WRG, Rubber, Silicone). Sold under the INCO brand across Asia Pacific.
• INCO Construction Chemicals Construction sector chemical products including Form Oil Series (solvent or water-based), Anti Mosquito Oil (AMO), Anti Rust Oil Series, and Alkaline Cleaner Series for industrial applications. Sold to construction and infrastructure enterprises.
• INCO Specialty Chemicals Specialty cleaning and maintenance chemicals including Heavy Duty Degreaser, Fleet Wash HD, Super Solve Degreaser HD, Parts Wash HD, Brake Cleaner HD, Dashboard Clean & Shine, and Tire Shine (solvent/water-based). Targeted at automotive workshops, fleet maintenance operations, and industrial cleaning applications.
• INCO Logistics Services Integrated logistics and contract manufacturing services from a 66,000 sq ft facility in Jurong, Singapore including storage of flammable and general cargo, transportation, toll/contract manufacturing (liquid and powder blending), bulk-breaking, repacking, container stuffing/unstuffing, palletizing, re-labeling, inventory management, and freight forwarding. Targeted at chemical and fuel industry customers needing third-party logistics support.
• Fuels Distribution Distribution of petroleum fuels sourced from Shell, ExxonMobil, Singapore Petroleum Company, and Caltex including Diesel (10ppm), Additised Diesel, Marine Gasoil (500ppm), Kerosene, Shell IDF, Petrol RON 95/98, and Battery Water. Products supplied in bulk, loose, or drums to enterprise customers in Singapore via the company's own fleet of road tankers and delivery trucks.
• Duckhams Oil Distribution Exclusive distribution of Duckhams Oil (UK) branded lubricants in Singapore since March 2019. Product range includes Classic Oil, Motorcycle Engine Oil (Racing Synthetic, QT series), Passenger Engine Oil (QXR, QS, HyperGrade), Commercial Vehicle Engine Oil (Diesel Gard, Fleetmaster), Hydraulic Oil (Zircon), Gear Oil, Brake & Clutch Fluid, Radiator Coolant, Industrial Gear Oils, and Grease products. Targeted at automotive workshops, fleet operators, and industrial users in Singapore.
• Gulf Oil Distribution Distribution of Gulf Oil branded commercial vehicle engine oils, hydraulic oils, gear oils, and automatic transmission fluids in the Singapore market. Range includes Superfleet Supreme (diesel engine oil), Superfleet Supreme+ (ultra low emission diesel engine oil), Harmony HVI Plus hydraulic oils, Gear Oils (MP 90/140, 80W90/85W140), and Multi-Vehicle ATF. Targeted at commercial fleet operators and industrial users.
• Wacker Chemie AG Silicone Products Distribution Distribution of silicone products from Wacker Chemie AG (Germany) since 2002, including Wacker Silfoam SRE antifoam and Wacker AK Silicon Oil Series in various viscosity grades. Wacker is a leading manufacturer of silicone products including Silfoam antifoam and silicon oils. Targeted at industrial and textile sector customers.

Quantifiable outcome

• First VDA-certified AdBlue manufacturer in Singapore and Southeast Asia
• +1 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and strategic.

• Duckhams Oil (UK)coreChannel Partner/ Reseller/ Distributor · 1 March 2019Innoco Oil appointed as Exclusive Distributor of Duckhams lubricant products in Singapore since March 2019. Duckhams has over 110 years of experience in oil lubricant technology and invented Europe's first multigrade oil in 1951.
• ShellcoreChannel Partner/ Reseller/ DistributorMajor fuel supplier to Innoco Oil for petroleum products including Diesel, MGO, and related fuel products. Long-term supply relationship supporting Innoco's distribution business in Singapore.
• ExxonMobilcoreChannel Partner/ Reseller/ DistributorFuel supplier providing petroleum products to Innoco Oil for distribution in Singapore market.
• CaltexcoreChannel Partner/ Reseller/ DistributorPetroleum fuel supplier to Innoco Oil for fuel distribution business in Singapore.
• Singapore Petroleum Company (SPC)coreChannel Partner/ Reseller/ DistributorLocal petroleum company supplier providing fuel products for distribution by Innoco Oil in Singapore.
• Gulf OilcoreChannel Partner/ Reseller/ DistributorDistribution partnership for Gulf Oil commercial vehicle engine oils, hydraulic oils, gear oils, and automatic transmission fluids in Singapore market.
• Wacker Chemie AGcoreChannel Partner/ Reseller/ DistributorDistributor for Wacker Chemie AG silicone products since 2002. Wacker is a leading manufacturer of silicone products including Silfoam antifoam and silicon oils. Products distributed include Wacker Silfoam SRE antifoam and AK Silicon Oil series.
• British Petroleum (BP)coreChannel Partner/ Reseller/ DistributorInnoco Oil secured AMO (Anti Mosquito Oil) blending arrangement with British Petroleum and is one of the main suppliers of AMO in Singapore. Product also sold to customers in Hong Kong and China.
• Standard Group BangladeshstrategicStrategic or Co-development PartnerIn 2004, Innoco Oil established joint-venture company Inno Chemicals Limited with Standard Group Bangladesh to market INCO and InNOBEL textile chemicals in Bangladesh.
• CastrolcoreChannel Partner/ Reseller/ DistributorDistribution partner for Castrol industrial lubricants in Singapore market.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ChemQuest Specialty Chemicals: Singapore-based specialty chemicals manufacturer and distributor serving construction, automotive, and industrial sectors with a comparable toll manufacturing and product distribution model.
• TPC Fuel (Tat Petroleum): Singapore-based independent petroleum products distributor and bunker fuel trader with comparable fuels distribution and lubricant blending operations serving industrial and marine customers in the region.

Broad incumbents

• Puma Energy: Global downstream fuel and lubricant distributor with significant Asia Pacific operations, offering comparable fuels, lubricants, and bitumen products to industrial and commercial customers.
• Gulf Oil International: Global lubricants and fuels brand distributed by Innoco in Singapore; comparable product portfolio across engine oils, hydraulic oils, and gear oils for automotive and industrial use.
• TotalEnergies Marketing Singapore: Major integrated oil company with Singapore fuel and lubricant distribution operations serving industrial, automotive, and marine customers with comparable product portfolio.
• BASF (Asia Pacific): Global chemical manufacturer with comparable specialty chemicals (degreasers, coolants, construction chemicals) serving construction, automotive, and industrial end markets across Asia Pacific.
• Castrol (BP): Global lubricants brand distributed by Innoco in Singapore; competes in industrial and automotive lubricant markets with comparable engine oils, hydraulic fluids, and greases.

Regional players

• Marubeni Petroleum (Singapore): Japanese trading house with Singapore fuel and lubricant trading operations serving regional industrial and marine customers; comparable role as a fuel and chemicals intermediary without owning refining assets.

Emerging players

• Univar Solutions: Global chemical and ingredients distributor with Asia Pacific operations offering comparable specialty chemical distribution, toll manufacturing, and supply chain services to industrial customers.
• Sika Asia Pacific: Specialty chemicals company serving construction and industrial markets with comparable form oils, concrete chemicals, and construction specialty products distributed across Asia Pacific.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/innocooil

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Innoco Oil