August 05, 2013 [Bernama] - Phase one construction of the RM9 billion Pengerang Independent Deep Water Petroleum Terminal is progressing well and is scheduled for commissioning in the second quarter of next year.
Johor Petroleum Development Corporation Chief Executive Officer Mohd Yazid Jaafar said construction work was 65 per cent completed. “Construction work is on target and slated for commissioning in the second quarter of next year,” he told Bernama.
The terminal, to be built in phases on 200 hectares (500 acres) of reclaimed land, will have a total of five million cubic metres of petroleum storage capacity.
The project is undertaken by main board-listed Dialog Bhd, Royal Vopak of the Netherlands and state-owned State Secretariat Incorporated. Phase one of the petroleum storage facility has the capacity to store up to 1.3 million cubic metres of petroleum products.
Royal Vopak is the world’s largest independent tank storage provider. Mohd Yazid said the project also includes a liquefied natural gas import terminal which the company planned to develop under phase two of its master plan.
Meanwhile, Johor Petroleum Development Corporation, via its facebook account, has made a clarification following numerous “misquotes and misreporting” on the participants and potential investors in its proposed Pengerang Integrated Petroleum Complex.
It said the complex is being developed to create and add value to Malaysia’s downstream oil and gas industry.
To date, two separate catalytic projects have been committed within the complex, namely the terminal and the Refinery and Petrochemical Integrated Development (RAPID) project by the national oil corporation, Petronas.
Apart from the two committed projects, Taiwan’s Kuokuang Petrochemical Technology Co (KPTC) has also indicated its interest to invest in a refinery and petrochemical development project within the complex, the corporation said.
The proposed project by the Taiwan company is separate from the two projects being undertaken by Dialog-Royal Vopak-Johor State Government joint venture and Petronas’ RAPID.
Should it decide to proceed, KPTC’s investment is expected to be within the region of about US$13 billion, in which it plans to build a 150,000 bpd (barrels per day) crude Naphtha Cracker.
