Reclamation work on Singapores oil and petrochemical hub Jurong Island has finished, doubling land available for storage.
Work was completed on 25 September lifting the availability of land space to 3,000 hectares.
Rapid industrialisation in the 1980s led to a scarcity of land on Singapore. Consequently, authorities hatched a plan to join seven islands with a land mass of 991 hectares into one island.
When reclamation works first started in 1995, we had aimed to complete it by 2030, Cedric Foo, JTC chairman, comments.
However, as Jurong Island began to take off as a key petrochemical hub, JTC sped up the reclamation to ensure that we would have ready land to meet the surge in demand. We brought forward Phases 3 & 4 of the reclamation project and managed to complete the reclamation well ahead of our initial target date.
In 2000 Jurong had 61 petrochemical companies with a total investment of $21 billion (14.4 billion) on Jurong Island. Today it has 95 global petrochemical companies contributing a total investment of more than $31 billion.
JTC will continue to improve the infrastructure on Jurong Island to anchor more investments. To optimise land use on Jurong Island, JTC has even gone underground and will soon be going out into the sea.
Construction of the Jurong Rock Cavern for oil and petrochemical storage is currently underway. At the same time, JTC is exploring the possibility of building a Very Large Floating Structure (VLFS) out in the sea, also for storage purposes.
Another new development on Jurong Island is the construction of the Jurong Island Barging Terminal to provide chemical companies an alternative transport option to trucking.
Phase 1 of the barging terminal will be operational by 2011 to meet the logistical needs of the companies in Jurong Island.
However, approximately 75% of the land has been reserved by oil and petrochemical companies. Singapore oil trader Hin Leong is currently in discussions with JTC on its expansion plans for the 2.3 million m³ Universal Terminal.