Despite a consistently strong demand for storage in Singapore, the scarcity of land is constricting the emergence of new storage tank projects.
Traditionally, demand for storage in Singapore has been strong however the lack of available land on Jurong Island for storage projects has affected construction despite the ease of conducting business in Singapore.
However, neighbouring countries Malaysia and Indonesia are enjoying a spillover in storage projects albeit the development of such projects present more challenges in both countries due to lack of readily available infrastructure.
Underground storage caverns are an attractive option as they allow for large-scale storage of crude oil and other products which in turn allows precious land in Singapore to be used in other ways.
Additionally, underground caverns provide flexibility in the same way as a surface bulk liquids terminal and are safe and secure.
To increase the range of options available for above ground storage in Singapore, Jurong Consultants, in collaboration with local institutions, have developed an alternative method to the traditional concept of storing bulk liquid on floating tankers by using concrete barges to store petrochemical product.
Jurong Consultants vice president for Oil and Gas Tan Wooi Leong says that there is currently less focus on developing storage projects on Jurong Island.
In an interview with Tank Storage Magazine he says: ‘There has been major emphasis towards growing manufacturing plants that create more added value to the economy than surface storage projects currently on Jurong Island.
‘The existing oil trading hub status and platform available makes it very attractive to build storage in Singapore. Nevertheless, we are building underground storage caverns for hydrocarbons storage and creating new innovations in very large floating structures to store petrochemicals products.
‘Our definition of the floating storage is based on a different method that stores petrochemical products in concrete barge floating structures. We have developed this concept jointly with local institutions to position innovative products for petrochemical storage in Singapore.’
- Tan will be speaking at Tank Storage Asia’s conference at the Marina Bay Sands on September 29 and 30 about creating space to meet the demand for storage in Singapore, including tank terminals, storage caverns and floating storage. For more information, click here