Asia/Pacific News
Singapore: Vopak Receives First LPG Cargo at New Jurong Island Facility
Independent tank storage company Vopak Monday announced it has received its first cargo at the new liquefied petroleum gas (LPG) facility at its Banyan terminal on Jurong Island.
The company says the delivery marks the "start-up of Southeast Asia's first independent LPG import and storage facility" and it will deliver fully refrigerated propane to ExxonMobil Asia Pacific Pte Ltd (ExxonMobil Asia Pacific), one of the anchor tenants of Vopak's terminal in Singapore.
"We are very happy with this successful start-up of our new LPG facility within our Banyan terminal. We are very well positioned to capture the flows of LPG coming from US and Middle East and our independent LPG facility is geared towards becoming a strategic gas centre in the future," said Mr Tan Soo Koong, Managing Director of Vopak Terminals Singapore Pte Ltd (Vopak Terminals Singapore).
Mr Gan Seow Kee, Chairman and Managing Director of ExxonMobil Asia Pacific, was quoted as saying, "We are pleased to play a part in the commissioning and start-up of the LPG facility, which adds to the long-term competitiveness for our industry in Singapore and the synergistic strength of Jurong Island.
"The LPG facility will help in providing us increased flexibility in securing advantaged feedstock for our integrated refining and petrochemical complex."
The LPG facility has an initial capacity of close to 80,000 cubic meters; the venture is an 80/20 partnership between Vopak Terminals Singapore Pte Ltd and SK Gas International Pte Ltd.
In December of 2015 Ship & Bunker reported that Vopak has sold its UK terminals.
