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Singapore: Jurong Port Tank Terminals officially starts storage ops

29 Jul 2019

Jurong Port Pte Ltd and Oiltanking on Monday (29 July) officially opened Jurong Port Tank Terminals (JPTT).

A joint venture between Jurong Port and Oiltanking GmbH, JPTT began construction of Phase 1 in May 2017; the facility currently has 252,000 cubic metres (m3) of tank storage and is expected to have total capacity of approximately 550,000 m3 of clean petroleum product storage upon completion of Phase 2.

“PetroChina has honoured us by becoming our inaugural customer,” said Ooi Boon Hoe, CEO of Jurong Port and Chairman of JPTT.

“Not only is PetroChina our first customer, I am just as pleased to announce that it is currently our only customer given that PetroChina has taken up 100% of our Phase 1 tank capacity.”

The opening ceremony was officiated by Chee Hong Tat, Senior Minister of State, Ministry of Trade and Industry & Ministry of Education.

“With an increasing emphasis on environmental sustainability, the International Maritime Organisation (IMO) has imposed requirements for low-sulphur fuels from January 2020,” he said.

“This development provides opportunities for Singapore to enhance our position as one of the world’s top bunkering ports for low-sulphur fuels.

“JPTT is purpose-built to handle clean petroleum products, including bunker fuels that comply with IMO’s regulations.

“The terminal has dedicated clean storage capacity, automated valves, piggable jetty lines, and dedicated tank inlet and outlet lines to prevent contamination. With its deep-water berths and dedicated jetties, JPTT can receive Suezmax-sized vessels, which offer economies of scale when transporting liquid bulk cargo.

“Major players in the energy and chemicals industry are recognising the value that JPTT brings to the table. PetroChina, one of the world’s largest petroleum companies, has signed up to be the anchor customer for Phase 1 of JPTT. When Phase 2 is completed subsequently, JPTT will be able to offer an additional 310 thousand cubic metres of clean petroleum product storage for companies, bringing its total storage capacity to 562 thousand cubic metres.”

JPTT is located on 16 hectares of land within Jurong Port and is supported by 4 deep water berths with drafts of up to 17.6 meters, capable of handling vessels up to 180,000 deadweight tonnes (DWT).

The terminal will also be connected via pipelines to the Jurong Island petroleum and petrochemical network thereby enabling seamless transfer of products for storage, distribution and trading.

JPTT is expected to handle about seven million tons of clean petroleum product annually.

Douglas van der Wiel, President of Oiltanking Asia Pacific said, “The need for supporting infrastructure to manage the increasing demand in Asia for petroleum products created the need for JPTT.”

“The terminals will be able to handle the demand from the region and help strengthen the integrated terminal network concept and overall value offering to the market. This is the embodiment of Oiltanking’s vision for the Singapore Straits, reinforcing Singapore’s international maritime energy and chemicals hub status.”

Photo credit: Manifold Times
Published: 30 July, 2019

 

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