Malaysia does not face the constraints that are inherent to Singapore when it comes to bulk liquid storage and could emerge as a supplementary storage centre, or even as the new dominant storage hub.
It is located strategically, with the western coast of peninsular Malaysia situated along the main shipping lanes of the Straits of Malacca. Coastal land is available in plenty along the Straits, with many sea-facing locations for potentially viable marine tank terminal developments.
Land is cheap as well, with prices still low by regional standards. The country also boasts significant refinery capacity and additional plans are on the drawing board for new export refineries.
The existing tank storage capacity in Peninsular Malaysia is in the order of 6-7 million m3. Recognising its potential, significant new marine terminal storage projects are being considered or expected to come online in the coming years. Tanjung Bin and APH lead this development, with a combined outlook of 5 million m3, and further expansion potential.
Other potential tank storage projects are located in Tanjung Ayam and Tanjung Kapal (Penggerang) (4 million m3), Perak (1 million m3), Tanjung Langsat (1 million m3), and a few others in Kuantan, Penang and Klang, Melaka and Bintulu. Trans-peninsular pipeline projects are being considered with storage terminals on either end.
Considering all the projects in the pipeline and the projects already underway, capacity is likely to reach 25-30 million m3 by 2020, with the bulk of the capacity being concentrated in the southern state of Johor.
So far, it appears that the Malaysian Government has no specific strategy or coherent set of policies in place for promoting this industry. This may prevent it from exploiting the full potential of this business opportunity. On the other hand, this relative absence of policies may well benefit private investment in this industry, thus ultimately benefiting the country.
For those companies wanting to learn more about this market, or trying to invest and develop bulk liquid storage there, Tank Storage magazine has put together its fourth annual Tank Storage Asia expo & conference in the new location of The Hotel Maya, Kuala Lumpur, on 10-11th November.
Tank Storage Asia expo & conference, now in its fourth year, brings together terminal operators, oil majors, traders, regulators, biofuel producers and technology experts from around the globe. The two day conference and exhibition will cover the latest project and regulatory developments and tank safety best practices in Malaysia and across the Asian bulk liquid storage sector.
Key speakers include:
Mohd Aiman Abdullah, General Manager, Independent Oil Terminal Kuching
Zainal Abidin Hamzah, Engineer, Asia Petroleum Hub
Jeff Wilson, Director, Synergy Downstream
Auden Kaehler, Downstream manager, PFC Energy
Kathleen Koh, Deputy Managing Director, BMT Asia Pacific
The full conference programme can be viewed at:
As an added bonus this event will be co-hosted with Biofuels International Asia expo & conference www.biofuelsinternationalexpo.com/asia, a two day event looking at the challenges of producing, blending, storing and distributing renewable fuels, providing delegates, visitors and exhibitors even more reason to get involved.
The conference delegate fee is only RM2,900 with a 10% early bird discount for bookings made before 1st October, or RM1,500 for one day.
There is also a 10% discount for the second delegate from the same company registered and 25% for each subsequent registration
Register now at: http://www.tankstorageevents.com/tsasia/register_asia_conf.shtml or contact Margaret Garn at email@example.com, +44 208 687 4126 for further details.