Asia/Pacific News
Vopak Announces Johar Storage Terminal Expansion Ahead of 2020
As part of an effort to meet expected increased demand for low sulfur diesel and gasoil from tightening sulfur regulations on marine fuel come 2020, Royal Vopak N.V. (Vopak) today announced that its joint venture liquid storage terminal, Pengerang Independent Terminals Sdn Bhd (PITSB), in Pengerang, Johor, Malaysia will be expanded with 430,000 cubic meters (cbm) to achieve a total capacity of 1.7 million cbm.
"This expansion of PITSB is aligned with Vopak's strategy to invest in strategic hub locations," explained Vopak.
"The growing need for new storage capacity for clean petroleum products is amongst others based on Asia's growing structural need for gasoline and jet fuel as well as the growing need for low sulphur diesel/gasoil as a result of the global low sulphur requirement for shipping (active by 2020) as set by the International Maritime Organization (IMO)."
The expansion, which is expected to be commissioned progressively from Q1 2019 and relates to the storage of clean petroleum products, is set to see the addition of 24 new tanks, ranging from 10,000 cbm to 25,000 cbm.
An extra berth will be added to the terminal's operations as part of the expansion project, bringing the total number of operating berths to six.
"The terminal is strategically located in Asia's main oil trading centre, along the international shipping routes and is pipeline connected to the industrial terminal which will be serving the new world-scale refinery and petrochemical complex RAPID which is currently being built," said Vopak.
