03.12.15. Jurong Port Pte Ltd and Oiltanking Singapore Limited have signed a joint venture agreement to develop, own and operate a new liquid bulk terminal that will be located on 16 ha of land in Jurong Port, opposite Jurong Island, Singapore.
Jurong Port will hold 60 percent of the shares in the joint venture and Oiltanking Singapore 40 percent.
Designed to store and handle both clean petroleum products and chemicals, the new liquid bulk terminal will have an initial capacity of 200,000 cbm, with the potential to add another 230,000 cbm, for a total capacity of 430,000 cbm. It will be supported by jetties with a draft of 16m, capable of berthing vessels up to 120,000 dwt.
The new terminal will support the increasing demand for storage in Singapore with integration to Jurong Island, Asia’s petrochemical industry hub. The facility will also have physical connectivity via pipelines to the petrochemical network on Jurong Island.