Stolt-Nielsen’s Stolt Tankers & Terminals division has been approved by the Singapore Economic Development Board to construct a chemical storage terminal on 15 hectares of vacant land on Jurong Island.
Upon scheduled completion in the second half of 2010, the terminal will the have a total bulk liquid storage capacity of 325,000 cubic meters. "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 South-East Asia region," said Asia Pacific MD Andrew Pickering. "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." The development of the site is subject to a number of additional agreements between local authorities and the company as well as Stolt-Nielsen board approval.
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