The Board of Investments has granted the project a five- to seven-year income tax holiday and other incentives, which was endorsed by the Department of Energy under the Downstream Oil Deregulation Act.

“Through our new bulk terminal we likewise wish to demonstrate the company’s commitment to the industry and say that we are here for the long haul.

Lastly, it shall demonstrate our commitment to the government through additional tax contributions from products that will pass through this new terminal,” said Jetti corporate affairs manager Leo Bellas.

The project, which will boost the company’s supply chain and overall operations, is funded by a combination of Jetti’s internal funds and a loan from the Metropolitan Bank & Trust Co.

Once completed, the Bataan bulk terminal will enable Jetti to have direct fuel importation in Luzon to supply the requirements of the company’s growing retail network in northern and central Luzon, as well as the South Luzon market’s requirement through Jetti’s Naic Nulk terminal which has no importing capabilities.

The Bataan bulk terminal is Jetti’s second international import terminal for all its fuel products coming from Singapore and other countries.

It will complement what is currently Jetti Petroleum’s main import terminal located in Tagoloan, Misamis Oriental that ships products to Jetti’s other fuel terminals in Mandaue City, Cebu; Iloilo City and Naic, Cavite.