TankTerminals.com, 29 Aug 2011
The search for an operator for the underground Jurong Rock Cavern (JRC) oil storage will resume soon, with JTC Corporation expecting to call a re-tender for this in October, JTC director Heah Soon Poh, told BT.
He said that apart from its first confirmed customer, Jurong Aromatics Corporation (JAC), JTC has been talking to other potential players on Jurong Island to take up the remaining four-fifths of the available capacity at the $890 million phase 1 of the JRC project.
'These are not oil traders, but other petrochemical companies on Jurong Island,' said Mr Heah, who is the JTC director in charge of specialised parks development. Full story
