Oiltanking Grindrod Calulo Holdings has been appointed a contract for a new liquid bulk storage terminal at the Port of Ngqura.
Transnet National Ports Authority appointed the storage operator to plan, fund, construct, maintain and operate the new facility following the conclusion of the build, operate and transfer agreement in December 2016.
Construction is due to start at the end of 2017 and it is expected to be complete and commissioned by the third quarter of 2019.
The first phase of the facility will provide 150,000 m3 of storage capacity for refined petroleum products. It also involves the replacement of tanks currently in use in Port Elizabeth, which will be decommissioned and the land redeveloped.
Additional phases of the project will involve an additional 550,000 m3 of storage capacity and handling. The new facility will serve oil majors, new entrants into the South African oil industry as well as international traders.
This will represent Oiltanking's first holding in a South African fuel terminal. For Grindrod, the Ngqura liquid storage facility provides diversification into fuel storage and handling and aligns with its coastal tanker shipping through Unicorn Tankers.
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