(EnergyAsia, April 29, Tuesday) — Norway’s Stolt-Nielsen SA said its Stolt Tankers & Terminals (ST&T) division has been awarded the opportunity to construct a chemical storage terminal on 15 hectares of vacant land on Singapore’s oil and petrochemicals hub on Jurong Island. The Oslo-listed company said it has received a formal notice of the award from the Singapore Economic Development Board (EDB).
The company added that the development of the site is subject to a number of additional agreements between the local authorities and ST&T as well as Stolt-Nielsen S.A. board approval.
The company plans to complete the terminal in the second half of 2010 with the capacity to store 325,000 cubic meters of liquids.
“We are pleased to have been chosen as the preferred chemical logistics service provider, which opens the way for the construction of a new state-of-the-art terminal to meet the growing needs for bulk-liquid storage of chemical manufacturers and customers in the Southeast Asia region,” said Andrew Pickering, managing director for the company’s Asia Pacific operations.
“Stolt-Nielsen already has a significant presence in the region with commercial and ship management offices, tank container depots, bulk-liquid storage terminals, and deep sea and regional shipping networks. Jurong Island is a vital link in the global supply chain for bulk-liquid chemicals and we look forward to expanding our relationships and presence there.”
Stolt-Nielsen SA is a world leader in providing transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. , it provides integrated transportation solutions for its customers through the parcel tanker, tank container, terminal, rail and barge services of its wholly owned subsidiaries Stolt Tankers & Terminals and Stolt Tank Containers.