Petronas, Dialog and Vopak are to develop and operate an industrial terminal in Pengerang, Johor, Malaysia.
The industrial terminal will serve the world scale Petronas Refinery and Petrochemicals Integrated Development (RAPID) project.
Each company recently signed the shareholders agreement to jointly develop an industrial terminal in Pengerang, Johor, Malaysia. Vopak will have a 25% share. The industrial terminal will serve the users of the new world-scale Petronas’ RAPID project which is an integral section of Petronas Pengerang Integrated Complex (PIC).
The industrial terminal will have a storage capacity up to 2.1 million m3 for crude, refined products, petrochemical products and liquefied petroleum gas (LPG). The marine infrastructure includes 12 berths. The 24m draft can accommodate very large crude carriers. Berths for unloading and reloading of LNG vessels up to QMax are included in the project plans.
RAPID is estimated to cost $16 billion (€13.9 million) while the associated facilities will involve an investment of about $11 billion. PIC is poised for its refinery start-up by early 2019.
This type of terminal provides a logistical center integrated via pipelines to the petrochemical facilities within an industrial complex. Within the complex, it supports product flows and the supply and export of feedstock and finished products. Another example of an industrial terminal is Vopak Terminal Sakra in Singapore. The industrial terminal is scheduled to be commissioned, in line with the RAPID complex that it will serve, towards 2019.
The terminal will be built next to the site of the existing terminal, the Pengerang Independent Terminals.