SHELL is investing in new storage capacity for output from its giant petrochemical complex on Jurong Island.
The supermajor has penned an agreement with privately owned Oiltanking Singapore Chemical Storage (OTSC) for the lease on two more propylene storage tanks on Jurong Island.
OTSC is an independent storage provider that handles petrochemical products and runs a terminal on Jurong Island. The agreement with Shell called on OTSC to construct the two new tanks, which will incorporate additional pumps and ancillary equipment, allowing integration with existing propylene logistics facilities.
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