Press Release
14 March 2018
On 14 March 2018, Petrochemical Corporation of Singapore (PCS) opened its US$80 million naphtha import facilities on Jurong Island, a project that first broke ground in 2016. The latest investment includes eight storage tanks totalling some 24,000 cubic metres of capacity, a 120,000 deadweight tonnage (DWT) liquid berth capable of handling large vessels transporting naphtha, and associated facilities.
The berth will be able to dock tankers with a capacity of 50,000 to 70,000 tonnes, doubling the size that can be accommodated. This will cut drop-offs by naphtha tankers to once every eight to 10 days, from once every four to five days. The new tanks, in addition to reducing costs, will enable PCS to more easily blend naphtha suitable for its plants.
“Our new naphtha import facilities gives us more opportunities for feedstock optimization and hence further strengthens our competitiveness,” PCS Managing Director Mr Akira Yonemura said. The naphtha import facilities will also help PCS continue to be a "reliable and competitive supplier" to all its customers, he added.
Mr Lim Kok Kiang, Assistant Managing Director of EDB, who was the guest of honour for the opening, congratulated the company on the completion of its facilities. He highlighted that PCS’s investment will enhance the resilience of Singapore's energy and chemicals industry, and improve the sector's overall competitiveness.
