The Business Times
business-time-50

Vopak opens refrigerated LPG facility on Jurong Island

Dutch company aims to offer alternative feedstock to naphtha and feed Asia's growing demand for LPG

google-preferred-sourceAdd BT as a preferred source
Published Wed, Jun 15, 2016 · 09:50 PM

    Singapore

    VOPAK Terminals Singapore on Wednesday officially opened South-east Asia's first independent refrigerated liquefied petroleum gas (LPG) facility at its Banyan Terminal on Jurong Island, giving Singapore's crackers an alternative feedstock to naphtha.

    The 80,000 cu m facility is an 80/20 partnership between the Dutch tank storage provider for the oil and chemical industry and SK Gas International Pte Ltd, a South Korean energy-trading company.

    EDB

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More