The first phase of Jurong Port Tank Terminals has officially opened, with all capacity in the first phase being fully leased to PetroChina.
The first phase of the $200 million clean petroleum products terminal, a joint venture between Jurong Port and Oiltanking, comprises 252,000 m3 of clean storage and petrochemicals capacity.
The terminal, which started partial operations in April 2019, is expected to handle seven million tonnes of clean petroleum products a year.
Speaking at the opening ceremony of the facility, Chee Hong Tat, senior minister of start for trade and industry, said that the facility includes features such as dedicated clean storage capacity as well as dedicated tank inlet and outlet lines to prevent contamination.
Additionally, the facility also has a direct pipeline to Jurong Island's petroleum and petrochemical network, which allows firms to benefit from up to 30% savings in transportation and handling costs compared to using vessels.
The second phase of the facility will add another 310,000 m3 of clean petroleum storage, bringing total capacity at the facility to 562,000 m3.
Jurong Port CEO Ooi Boon How saus that the port is in deep discussions regarding the second phase of the project.
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