PCG Managing Director/CEO Datuk Sazali Hamzah said the Kuantan storage tanks were the latest of the group’s external storage facilities for methanol and is expected to serve the surrounding area.

“As you know, storage facility is another component in doing methanol business not just for chemical products. It’s a key important facility in order for us to penetrate the market we are in,” said Sazali during the officiating ceremony on Saturday.

The two tanks represent the first joint partnership between PETRONAS Chemicals Marketing (Labuan) Ltd and One Chem Terminal (OCT) Sdn Bhd which is a joint venture between Nylex (M) Berhad, Asta Chemicals Sdn Bhd and Twin Integrity Sdn Bhd.

The tanks, located at Asta Chemicals’ premises in Kuantan, are the first storage tanks offsite the PCG plant to be managed by OCT.

Nylex Managing Director Datuk Siew Ka Wei said construction of the facilities began in March last year and impressively, was completed by year end.

“Having a tank to ensure supply reliability of methanol to the industrial sector in this entire region is an initial stage for us and of course for PCG it’s another step for the service-oriented industry,” said Siew.

Asta Chem CEO Jerry Looi said that OCT has a 15-year contract with PCG for the storage and handling of the methanol although he did not disclose the value or the cost of the tanks.

He added the methanol will serve the various industries and PCG clients requiring it within the Kuantan region.

“From the moment the methanol comes in from the ships, we will be handling it. We will store it and help PCG distribute it to their clients here. There are a number of industries and factories here consuming methanol.

“We will also assist PCG if they want to re-export the methanol from here,” Looi said.

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