Singapore’s Jurong Port and Germany-based Oiltanking have officially opened the Jurong Port Tank Terminals (JPTT) in Pulau Damar Laut in Jurong Port.
The ceremony took place on July 29 and was attended by state officials and stakeholders from the maritime industry.
Designed to store and handle both clean petroleum products and petrochemicals, the liquid bulk terminal will be supported by four berths with deep draft of up to 17.6 meters capable of handling up to 180,000 dwt tankers.
Jurong Port Tank Terminals is a 60:40 joint venture between Jurong Port and Oiltanking.
The project started in 2015 when the two sides signed a joint venture agreement for the development of a new terminal that would support the increasing demand of storage needs in Singapore with its integration to Jurong Island, Asia’s petrochemical industry hub.
Construction of phase one started in May 2017 and, once phase 2 is completed, the terminal is expected to have total capacity of 550,000 cbm.
“The opening of Jurong Port Tank Terminals (JPTT) is an integral part of Jurong Port’s transformation to offer a port-centric solution for Jurong Island,” Chee Hong Tat, Senior Minister of State, Ministry of Trade and Industry, and Ministry of Education, said at the opening ceremony.
“As Singapore’s newest tank terminal, JPTT will strengthen Jurong Island’s storage infrastructure by offering 252 thousand cubic meters of clean petroleum product storage capacity.”
“The need for supporting infrastructure to manage the increasing demand in Asia for petroleum products created the need for JPTT,” Douglas van der Wiel, President of Oiltanking Asia Pacific, said.
“The terminals will be able to handle the demand from the region and help strengthen the integrated terminal network concept and overall value offering to the market.
JPTT is expected to handle about seven million tons of clean petroleum product annually.