Horizon Terminals Limited's investment in the newly-expanded Horizon Singapore Terminals underscores the company's commitment to its expansion in the Far East, and signifies its confidence in Singapore

Horizon Singapore Terminals is one of the largest independent bulk liquid storage terminal facilities in the region, and a key partner in Singapore's oil logistics infrastructure development. It recently completed the third expansion phase of its bulk storage terminal located in Jurong Island.

The new terminal was built at a total cost of S$470 million (US$304 million) and now has a total storage capacity of 1.24 million cubic metres. Comprising 59 bulk liquid storage tanks that range from 6,000 to 45,000 cubic metres, the new terminal is able to handle a full range of refined petroleum products. It also offers multiple value-added services with its advanced heating and blending systems.

According to S Iswaran, Singapore's Senior Minister for Trade and Industry, "Horizon Terminals' new storage terminal is an important addition to Singapore's growing logistics infrastructure for petroleum products and it reinforces Singapore's position as one of the world's largest oil refining and trading hubs. This facility is strong testimony to the high level of confidence that the industry has in Singapore as a critical supply chain hub for this region."