Singapore port operator Jurong Port and independent oil storage operator Oiltanking officially launched an oil storage facility with a total capacity of 480,000 cubic meters on Wednesday (20/09).
Located on 16 hectares (39.5 acres) of land in Jurong Port, the terminal will store clean petroleum products and will be supported by four jetties with a draft limit of up to 17.6 meters capable of handling vessels up to 180,000 deadweight tonnes (DWT).
Construction of the terminal, known as Jurong Port Tank Terminals, started in May and is on track to be completed by 2019, Jurong Port said in a press statement.
The terminal will be connected by pipelines to the petroleum and petrochemical network in Jurong Island, the company added.
The company is considering fast-tracking the construction of the terminal to bring forward the completion to meet anticipated demand earlier as prospective demand has been “upbeat”, it said.
Oiltanking in 2016 commissioned a terminal with a total storage capacity of 730,000 cubic metres on the island of Karimun, Indonesia, near the Singapore Strait.