August 12, 2025 [Hydrocarbon Engineering]- DIALOG Group Berhad (DIALOG) has announced that its 25% indirectly owned joint venture company, Pengerang Terminals (Two) Sdn. Bhd. (PT2SB) has signed a Terminal Usage Agreement (TUA) with Pengerang Biorefinery Sdn. Bhd (PBSB), paving the way for PT2SB to provide storage and handling facilities for PBSB’s feedstocks and products (the expansion project).
Under the expansion project, PT2SB will expand and develop a storage capacity of about 272 000 m3 which is dedicated to PBSB at a total investment of approximately USD 330 million including costs associated with shared facilities at the terminal. The expansion project is supported by a 25-year long-term take-or-pay TUA and will benefit from efficiencies of current capacity and infrastructure of PT2SB.
PT2SB owns and operates a dedicated deep-water terminal serving Pengerang Integrated Complex (PIC). The shareholders of PT2SB are Dialog Equity (Two) Sdn. Bhd. (subsidiary of DIALOG) (25%), PRPC Utilities and Facilities Sdn. Bhd. (subsidiary of Petroliam Nasional Berhad (PETRONAS)) (40%), Vopak Terminal Pengerang BV (subsidiary of Royal Vopak) (25%) and Permodalan Darul Ta’zim Sdn. Bhd. (a Johor State owned company) (10%). Whereas PBSB is a joint venture between PETRONAS Mobility Lestari Sdn. Bhd. (a subsidiary of PETRONAS) (42.5%), Enilive S.p.A (a company directly controlled by Eni S.p.A.) (Eni) (42.5%), and Euglena Sustainable Investment Limited (a subsidiary of Euglena Co. Ltd) (Euglena) (15%).
The biorefinery of PBSB will have the capability to process approximately 650 000 tpy of raw material to produce sustainable aviation fuel (SAF) and other biofuels such as renewable diesel and hydrogenated vegetable oil (HVO) to cater to the growing demands of the global aviation and transportation industries.
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