Royal Vopak has announced that the company and its joint venture partners intend to expand their independent storage terminal, Pengerang Independent Terminals in Malaysia’s Pengeranga.
The terminal will be expanded by 430,000 cu m to a total capacity of 1.7m cu m. The expansion is expected to be commissioned from the first quarter of 2019.
In addition to the extra capacity, one extra berth will be taken into operation, bringing the total number of operating berths to six.
Vopak said the terminal expansion is aligned with the company’s strategy to invest in strategic hub locations. The growing need for new storage capacity for clean petroleum products is amongst others based on Asia’s growing structural need for gasoline and jet fuel as well as the growing need for low sulphur diesel/gasoil as a result of the global low sulphur requirement for shipping as set by the IMO.
Vopak holds 44.1% equity interest in the terminal and Dialog has 45.9% interest, with the remaning 10% held by Johor government.