Royal Vopak and its joint venture partners have announced plans to expand their independent storage terminal, Pengerang Independent Terminals Sdn Bhd (PITSB) in Pengerang, Johor in southern Malaysia. PITSB will be expanded to a total capacity of 1.7 m cbm and is expected to be commissioned progressively from Q1 2019 onwards.
PITSB provides storage, blending and distribution services for crude oil and clean petroleum products. The expansion relates to the storage of clean petroleum products. In total, 24 new tanks will be built ranging from 10,000 cbm to 25,000 cbm. In addition to the extra capacity, one extra berth will be taken into operation, bringing the total number of operating berths to six.
The Pengerang region is located at the south-eastern-most tip of Johor, along the international shipping routes and is part of the Singapore oil hub, the main oil trading center of Asia, where there is a growing need for storage capacity. PITSB is an approved terminal that can be nominated for Platt’s FOB Straits offers.
The terminal is also connected with pipelines to the industrial terminal Pengerang Terminals (Two) Sdn Bhd (PT2SB) which will be serving the new world-scale refinery and petrochemical complex currently under construction: the Refinery and Petrochemical Integrated Development – commonly known as RAPID. Vopak has a 25% share in this industrial terminal.
Vopak says this expansion is in alignment with its strategy to invest in strategic hub locations. Further to this, it cites the International Maritime Organisation’s low global sulphur requirement set for 2020 as a reason to increase investments in the clean petroleum sector.
Source: Royal Vopak
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