New Singapore naphtha storage terminal opened

Petrochemical Corporation of Singapore has inaugurated its new naphtha import facility.
The $80 million facility includes eight storage tanks totalling 240,000 m3, a 120,000 DWT liquid berth capable of handling large vessels transporting naphtha and its associated facilities.
PCS is a company jointly owned by Japan-Singapore Petrochemicals Company and Shell Petrochemicals.
Akira Yonemura, PCS managing director, says: ‘Petrochemicals remains a competitive business with its growing demand being matched by a number of new capacity additions in this region, particularly China and also in the US.
‘Our new naphtha import facilities gives us more opportunities for feedstock optimisation and hence further strengthens our competitiveness. It will also help to ensure that PCS continues to be a reliable and competitive supplier to all our customers with smooth and stable operations.’