Tank storage company Vopak has received its first cargo at the new liquefied petroleum gas (LPG) facility at its Banyan terminal on Jurong Island, marking the start-up of Southeast Asia’s first independent LPG import and storage facility.

The shipment from the vessel “Sun Aries” will deliver fully refrigerated propane to ExxonMobil Asia Pacific Pte Ltd, one of the anchor tenants of Vopak’s terminal in Singapore.

The LPG facility has an initial capacity of close to 80,000 cubic meters and is an 80/20 partnership between Vopak Terminals Singapore Pte Ltd and SK Gas International Pte Ltd.

 Tan Soo Koong, Managing Director of Vopak Terminals Singapore said, “We are very well positioned to capture the flows of LPG coming from US and Middle East and our independent LPG facility is geared towards becoming a strategic gas centre in the future.”

“Improving feedstock competitiveness is a focus area under the Jurong Island version 2.0 initiative, which aims to grow the sector in a competitive and sustainable manner. With this new LPG facility, crackers can now tap on alternative feedstock. This will strengthen our integrated chemicals value chain and further enhance Jurong Island’s attractiveness as a manufacturing location for high-value added chemicals,” said Damian Chan, Executive Director, Energy and Chemicals, Singapore Economic Development Board.

Vopak, together with its partners, operates five terminals in Singapore with a total capacity of over 3 million cubic meters.

From: World Maritime News