Gearing up to be oil storage hubs

18 September 2012 , By Hellenic Shipping News

Pengerang, Tanjung Bin and Tanjung Langsat in Johor are gearing up to be the oil storage hubs in the southern region.
Johor Petroleum Development Corporation Bhd chief executive Mohd Yazid Ja'afar said the oil storage hubs could store up to 10 million cubic metres of petroleum in total.
He said if the three storage hubs were to join with Singapore, which is the third-biggest petrochemical hub in the world, they could store between 20 and 25 million cubic metres of petroleum by 2025.
"It (the collaboration) will be like the Amsterdam-Rotterdam-Antwerp hub," he told reporters at Kota Iskandar here last Friday.
On a separate matter, Mohd Yazid said a Taiwan-based company and another company from Southeast Asia, are currently conducting a feasibility study on the soil structure in Pengerang to ascertain if it is suitable for the setting up of factories there.
If it is feasible, both companies will take up a total of about 2,020 to 2,424 hectares of the land in Pengerang for their projects.
He added that another China-based company is also exploring the possibility of venturing into petro-chemical industry in Tanjung Langsat.
"The government will ensure that companies that wish to have projects here follow the strict environmental guidelines," he said.
It was reported that the Dialog Group holds a 51 per cent stake in a joint-venture project with Vopak. Both parties have a joint-venture with the state government which has a 10 per cent investment in the project.
The new project by the Dialog- led consortium is part of a larger initiative by Petroliam Nasional Bhd (Petronas) under its RM60 billion Refinery and Petrochemical Integrated Development (Rapid) complex in Pengerang.
Petronas has appointed partners including Italy-based Versalis SpA, BASF (Germany), ITOCHU Corp (Japan) and PTT Global Chemical Public Company Ltd (Thailand) for the Rapid project.
Source: New Straits Times