Petrochemical Corporation of Singapore (PCS) has officially inaugurated its new US$80m Naptha Import Facilities. The facilities include eight storage tanks totalling 240,000 cubic metres capacity and a 120,000 dwt liquid berth capable of handling large vessels transporting naphtha and its associated facilities.
“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 United States. 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,” said Mr Akira Yonemura, PCS Managing Director.
“Our latest strategic capital investment in the Naphtha Import Facilities, affirms our confidence in Singapore and Jurong Island, and this will translate into better employment opportunities and prospect for Singaporeans.”
Mr Lim Kok Kiang, Assistant Managing Director, Singapore Economic Development Board, said: “We congratulate PCS on the completion of its naphtha import facilities, which will allow them to react to market conditions and optimise feed to their crackers. This will enhance the resilience of our Energy & Chemicals industry, and improve the overall competitiveness of the sector.”
PCS is jointly owned by Japan-Singapore Petrochemicals Company Limited (led by Sumitomo Chemical Company, Ltd) and QPI and Shell Petrochemicals (Singapore) Pte Ltd.
For more information, visit: www.pcs.com.sg
17th Mar 2018