Kuala Lumpur: The joint venture between MISC and Vitol Group, VTTI, is investing a further RM1bn in the second phase development of their ATT Tanjung Bin (ATB) oil storage terminal in Tanjung Bin, Johor. The construction will double the facility’s capacity to 1.6m cu m when complete in 2016.
ATB is the first VTTI terminal in Southeast Asia and is able to handle tankers of all sizes. The developer of the project is a subsidiary of Johor Port. [11/01/13]