Stolthaven Terminals, a division of Stolt-Nielsen, and Taiwanese company Revivegen Environmental Technology have formed a joint venture to build a greenfield terminal in Kaohsiung Port, Taiwan.
The two companies initially signed a letter of intent in September 2021. Revivegen, which focusses on recycling and process chemicals for the semiconductor industry, bought an 11 ha plot of land in Kaohsiung Port and asked Stolthaven to help with development. The two companies have now completed a feasibility study and expect to make the final investment decision (FID) over the next few months.
Stolthaven president Guy Bessant says that the new terminal will help his company respond to growing storage demand in the region and adds: ‘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. It 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.’