Home / Knowledge / News / Textiles / Oiltanking Singapore adding propylene tanks for Shell

Oiltanking Singapore adding propylene tanks for Shell

09
Sep '18
Courtesy: Oiltanking
Courtesy: Oiltanking
Oiltanking Singapore Chemical Storage, a joint venture between Oiltanking and Macquarie Infrastructure and Real Assets (MIRA), is making additional propylene tanks for Shell Eastern Petroleum (Shell) in Singapore. It has signed a long term storage agreement with Shell. Oiltanking is an independent operator of tank terminals for oils, chemicals and gases.

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.

Oiltanking is a subsidiary of Marquard & Bahls, a Hamburg-based company that operates in the fields of energy supply, trading and logistics. Oiltanking is one of the largest independent operators of tank terminals for oils, chemicals and gases worldwide. The company owns and operates 76 terminals in 25 countries with a total storage capacity of 20 million cbm, on five continents – in Europe, North America, Latin America, the Middle East, Africa, India, and the Asia-Pacific region.

Macquarie Infrastructure and Real Assets (MIRA) is part of Macquarie Asset Management Group, the asset management arm of Macquarie Group, a diversified financial group providing clients with asset management, banking, advisory and risk and capital solutions across debt, equity and commodities. (SV)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: UNFCCC / Alyssa Strohmann / Unsplash

Fashion | On 17th Jun 2021

Over 70% UN Fashion Charter signatories submit disclosures in 2020

For the 2020 reporting cycle, over 70 per cent of signatories to the...

Pic: Shutterstock

Apparel/Garments | On 17th Jun 2021

Prime Content| Bangladesh apparel exports jump 11.1% in July-May FY21

Readymade garment (RMG) exports from Bangladesh increased by 11.1 per ...

Pic: Shutterstock

Fashion | On 17th Jun 2021

Saudi 100 Brands programme to back global ambitions of domestic brands

Saudi Arabia's Fashion Commission has announced the launch of the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Fashion tech has to be lean and very productive

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

We are staring at livelihood crisis for weavers

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Chendhuran Sundar,

Chendhuran Sundar

It manufactures and retails menswear garments in India under the brand...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search