April 8, 2021 [The Edge Markets] KUALA LUMPUR (April 5): Tank terminal operator Dialog Group Bhd believes the Pengerang Deepwater Terminals (PDT) has the potential to attract more refining and petrochemical complex, as well as downstream petrochemical manufacturing plants to Johor.
Executive chairman Tan Sri Dr Ngau Boon Keat said the group and its partners have invested more than RM13.5 billion so far in the development of Phase 1, 2 and 3 of the total 485.62 hectares (ha) PDT.
“About 202.34 ha is reserved for Phase 3 and future phases, while Phase 1 has been a catalyst for the Petronas Refinery and Petrochemical Integrated Development project, which brought in investments worth more than RM100 billion,” he said in his speech at the Terminals Pengerang 5 Phase 3A virtual opening ceremony today.
The terminal consists of 430,000 cubic metre capacity storage tanks for clean petroleum products, common tankage facilities (inclusive of shared infrastructure) and deepwater marine facilities (Jetty 3).
According to Ngau, Dialog had completed the construction of Terminals Pengerang 5 according to schedule, with the first vessel berthing on March 19.
He said the terminal would be operated by its indirect unit, Pengerang Terminals (Five) Sdn Bhd, which had earlier entered into a long-term storage agreement to provide storage and handling services to BP Singapore Pte Ltd.
“To BP, we remain committed to continuing our long-standing business partnership on various collaborations and business dealings.
“Together with our partners, we are confident that Pengerang can be transformed into the ‘Rotterdam of the East’, and continue to spur long-term economic activity and create high-value jobs for Malaysians,” he said.
In the same event, Johor Menteri Besar Datuk Hasni Mohammad said the continued development of Phase 3 would continue to serve the local and neighbouring communities, through job creation and other indirect economic benefits, amid uncertainties in the oil and gas sector brought by the Covid-19 pandemic.
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