Jurong Port Tank Terminals (JPTT), the joint venture between Jurong Port and Oiltanking, has been launched.
The facility, on 16 hectares of land in the port, has a total capacity of 480,000 m3 and caters for the storage and trading of clean petroleum products.
It is connected via pipelines to the Jurong Island petroleum and petrochemical network and is supported by four jetties with a draft of up to 17.6 meters capable of handling vessels up to 180,000 DWT.
Work on the facility started in May 2017 and is on track to be completed by 2019.
Douglas van der Wiel, president of Oiltanking Asia Pacific, says: 'Asia continues to be a driver of global consumption of petroleum products. This growth in demand will further underscore product flows into South-East Asia through the Straits and the necessity for supporting infrastructure. JPTT can and will meet that demand.
'JPTT will be a valued addition to Oiltanking's overall strategic position in the Straits. Through the pipeline connectivity to Oiltanking Singapore, JPTT and Oiltanking will further strengthen the integrated terminal network concept and overall value offering to the market.'
Ooi Boon Hoe, CEO of Jurong Port and chairman of JPTT, says that the facility is part of the port's strategic vision of becoming a world-class multipurpose port operator through the development and expansion of its operating capabilities.
He adds: 'We expected that JPTT will play a meaningful role in reinforcing Singapore's international maritime, energy and chemicals hub status.'
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