Stolthaven Terminals, a division of Stolt-Nielsen, has signed a letter of intent with Taiwanese company Revivegen Environmental Technology to build a greenfield terminal in Kaohsiung Port, Taiwan.
Revivegen has recently been granted a land lease at the port. The companies will now conduct a feasibility study into the terminal. There is growing customer demand for bulk liquid storage in the region, which has driven Stolthaven’s interest. The companies expect to made a final investment decision in Q4 2021, subject to internal and external approvals.
‘The terminal will focus on the safe and efficient handling and storage of chemicals and industrial gases for local and multinational companies, including those with manufacturing operations in Taiwan. A terminal in Taiwan would be complimentary to our existing global network and increase the reach of the supply chain solutions that we are able to offer our customers,’ says Guy Bessant, president of Stolthaven Terminals.