Oiltanking Singapore Chemical Storage Builds Additional Propylene Tanks for Shell in Singapore
Oiltanking Singapore Chemical Storage Pte Ltd, a joint venture company between Oiltanking GmbH and Macquarie Infrastructure and Real Assets (MIRA), officially signed a long term storage agreement with Shell Eastern Petroleum Limited for additional propylene storage.
With the existing C3 system at Oiltanking Singapore Chemical for Shell, this new addition of two propylene bullet tanks will complement and strengthen the strategic partnership between Shell and Oiltanking Singapore Chemical. Securing this new expansion for propylene, a key feedstock for Jurong Island, Oiltanking Singapore Chemical further anchored its position as a key chemical/propylene hub and integrated logistics and service provider for feedstock. With the new additional bullet tanks, the state-of-the-art terminal will offer 84 tanks with individual storage capacity ranging from 800 cbm to 18,000 cbm, equivalent to a total storage capacity of 409,000 cbm.