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.
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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