The Philippine Coastal Storage and Pipeline Corporation (PCSPC) has added an extra 540,000 barrels of storage at its facility in the Subic Bay Freeport Zone.
Three new 180,000 barrels fuel storage tanks and two tank truck loading racks were added to the company’s facility. The additional storage will swell capacity to 5.2 million barrels for various fuel products such as diesel, petrol, jet and fuel oil.
This forms part of its commitment to SBMA to invest and build 1.8 million barrels of fuel tank storage in the Maritan tank facility. Capacity at the facility has doubled over the past six years.
Michael Rodriguez, chairman of PCSPC, says: ‘This considerable increase in storage is in response to our customers’ demand for quality and available fuel storage in Subic Bay.
‘With our existing long term lease agreement with Subic Bay Metropolitan Authority, PCSPC looks forward to being able to undertake further investment, as demand requires, in order to serve the increasing fuel needs of the Philippines now and in the future.’