Oiltanking Singapore Chemical Storage has signed a long-term storage agreement with Shell Eastern Petroleum for additional propylene storage.
The Oiltanking and Macquarie Infrastructure and Real Assets joint venture has an existing C3 system in place for Shell and the new addition of two propylene bullet tanks will complement and strengthen the strategic partnership between Shell and the company.
By securing this new expansion for propylene, a key feedstock for Jurong Island, Oiltanking Singapore Chemical further anchors its position as a key chemical/propylene hub and integrated logistics and service provider for feedstock.
With these new bullet tanks, the terminal will have total capacity of 409,000 m3 spread across 84 tanks.
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