(EnergyAsia, April 19 2012, Thursday) — VTTI said the ATB oil terminal in Pelepas Port in Malaysia’s southern Johor state has received its first oil cargo, marking the facility’s start as an oil storage and logistics hub serving the region.
VTTI, an equal joint venture between Swiss trader Vitol and Malaysian energy shipping firm MISC Bhd, said the 10,000-dwt MT Kition “safely and successfully discharged” the cargo at ATB’s VLCC berth on April 10.
Offering storage and logistics services to compete against Singapore, the terminal’s first phase development consists of 41 tanks with a total capacity to store 841,000 cubic meters of fuel oil, gasoline and middle distillates. Construction started in September 2009.
The project’s first phase, which began construction in September 2009, is designed to handle 20 million metric tons of oil products a year, accommodating five tankers round the clock.
VTTI said it has already fully leased out the phase I capacity, and has begun planning the second phase with the long-term goal of building 1.6 million cubic metres. The new capacity is targeted to be ready for lease to third parties by the third quarter of 2013.
VTTI said it has made “significant” investment in land improvements and infrastructures to ensure that work on the second phase can begin “in the soonest possible time.”
“The ATB terminal will set a new benchmark in the independent terminalling industry. Designed to comply with the highest industry and safety standards, whilst meeting the demanding storage requirements of oil traders, the terminal offers one of the highest levels of flexibility, product security, and load rates available in the commercial storage industry. The jetty carries four 30-inch fuel oil pipelines and an additional six pipelines for clean products,” the company said.