HSTPL Breaks Ground On Banyan Jurong Island Terminal
Posted: 11 May 2005
Horizon Singapore Terminals Pte Limited (HSTPL) – the Singaporean arm of independent terminalling company Horizon Terminals Limited (HTL), established by Emirates National Oil Company (ENOC) LLC of the United Arab Emirates - recently broke ground on the construction of a US $205 million bulk liquids terminal on 39 hectares at Singapore’s Banyan Basin, Jurong Island.
HSTPL officials and representatives of Singapore’s Jurong Town Corporation, which provided the land, the Economic Development Board, which has backed the project from the beginning, and the Marine Port Authority (MPA) attended a specially-arranged ground-breaking ceremony.
Terminal construction is due for completion within 18 months, with commissioning scheduled for the third quarter of 2006. The facility will be capable of handling Class 1, 2 and 3 petroleum products.
Hussain Sultan, Group Chief Executive and Board Member, ENOC, said:
“ Singapore is one of the leading oil business hubs in the world. The HSTPL terminal will further enhance the Lion City’s standing as a premier regional logistics hub for petroleum and petrochemical products, and marks another milestone in our close partnership with this leading Far East country, where the ENOC Group’s first overseas office was established in April 1999.”
The terminal's first phase will have 27 tanks providing 720,000 cubic metres of storage for liquid petroleum products, with seven berthing positions spread over four jetties. These will enable the berthing of partially-laden very large crude carriers (VLCCs) as well as small barges for bunker or cross-port trades.
“The terminal will provide fast turnaround in the loading and unloading of ships, utilising dedicated tanks and pumps to avoid contamination risks,” explained Sultan.
All remaining major contracts for the project are in process of being awarded, including construction of the jetty, electrical and instrumentation work and mechanical and piping work.
In line with ENOC and HTL’s strong commitment to Environment, Health and Safety, a Quantitative Risk Assessment and Pollution Study on the project has been completed and submitted to Singapore’s National Environment Agency.
Approval has also been received from Singapore’s Marine Port Authority for the proposed jetty layout, while the tankage construction is well advanced.
This project, which sees full support from the Singapore Government, is considered a milestone in the development of Banyan Jurong Island as a key global terminalling hub and in Singapore’s determination to maintain its standing as one of the world’s biggest oil products trading centres.
HSTPL is a joint venture incorporated in Singapore with partners including Horizon Terminals Limited (52%), Kuwait 's Independent Petroleum Group (15%), SK Energy Asia Pte Ltd of South Korea (15%), Martank BV of Holland (10%) and Boreh International FZE of the UAE (8%)
Posted by Editor Offshore Arabia Magazine
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