December 19, 2014 [Royal Vopak] - The industrial terminal will serve the world scale PETRONAS Refinery and Petrochemicals Integrated Development (RAPID) project.
The total storage capacity will be up to 2.1 million cubic meters. The industrial terminal will further strengthen Vopak’s longterm position in Asia.
Today, Petroliam Nasional Berhad (PETRONAS), Dialog Group Berhad (Dialog) and Royal Vopak (Vopak) signed the shareholders agreement to jointly develop an industrial terminal in Pengerang, Johor, Malaysia. Vopak will have a 25% share.The industrial terminal will serve the users of the new worldscale PETRONAS’ RAPID project which is an integral section of PETRONAS Pengerang Integrated Complex (PIC).
The industrial terminal will have a storage capacity up to 2.1 million cbm for crude, refined products, petrochemical products and Liquefied Petroleum Gas (LPG). The marine infrastructure includes 12 berths.The draft of 24 meters can accommodate very large crude carriers. Berths for unloading and reloading of LNG vessels up to QMax are included in the project plans.
The industrial terminal is scheduled to be commissioned, in line with the RAPID complex that it will serve, towards 2019.
Mr. Eelco Hoekstra, Chairman of the Executive Board and CEO of Royal Vopak said: “We are very proud that we will, together with our partners, serve this important refinery and petrochemicals complex in Malaysia. Both the Independent Terminal, that started operations last summer, and this new Industrial Terminal very well fit in our strategy. The location along one of the world’s busiest shipping lanes and its proximity to international trading hub Singapore makes this terminal very well positioned to service the South East Asia region. We strongly believe in the growth potential of this region and would like to thank our partners for their continued trust in Vopak. We look forward to taking the next step in this important project.”
The industrial terminal will be built next to the site of the existing terminal, the Pengerang Independent Terminals Sdn. Bhd. In Malaysia, PETRONAS and Dialog have been longtime partners with Vopak in Kertih Terminals Sdn. Bhd. Dialog and SSI are Vopak’s partners in the recently commissioned Pengerang Independent Terminals Sdn. Bhd.
