Stolt-Nielsen To Build Jurong Island Tankfarm

Norway‘s Stolt-Nielsen has announced plans
to build a 325,000 cubic mtr chemicals storage terminal on Jurong Island
by mid-2010. The terminal is estimated to cost over $100m and is slated to be a
regional distribution hub for chemical products and feedstocks from the Middle
East, as well as for chemical products ex-Jurong Island.
    The
project, which is likely to be one of the last tankfarms allowed on the
petrochemicals island due to space restrictions, is to be undertaken by the
group’s Tankers & Terminals division and has already received approval from
the Economic Development Board, the company said in a recent statement.
    “We are
pleased to have been chosen as the preferred chemical logistics service
provider, which opens the way for the construction of a new state-of-the-art
terminal to meet the growing needs for bulk-liquid storage of chemical
manufacturers and customers in South-east Asia”, said Stolt-Nielsen Asia-Pacific
managing director Andrew Pickering
    The project
is subject to a number of additional agreements with Singapore authorities, as well as
to its own board approval.

 

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