With Johor expected to become one of Malaysia’s major oil clusters, Benalec’s Tanjung Piai Maritime Industrial Park is poised to become an attractive storage alternative to land restricted Singapore
With significant refining capacity expected to come on stream in the next two years, Johor is one of Malaysia’s most promising major oil clusters – and the government has ambitious and strategic plans for its storage capabilities too.
Currently, independent storage capacity in the Johor region is around 3.5 million m3 compared to Singapore’s more significant 13 million m3. However, with new refining capacity from the Petronas RAPID project due to come on stream in the first quarter of 2019, the region could have vast amounts of available storage and logistical potential.
In a bid to capitalise on its potential to become a major oil cluster, the Malaysian government is taking a more active role to reach its target of 10 million m3 of storage by implementing attractive economic strate...