Vopak to invest 40m euros to meet new marine fuel rules in 2020

DUTCH oil and chemical storage company Vopak said it is investing 40 million euros (S$64.3 million) globally to cater for the flexibility and capacity to meet the refuelling needs of marine vessels when the International Maritime Organization’s (IMO) global sulphur cap comes into force.

Senior Minister of State for Trade and Industry Koh Poh Koon noted that Vopak has chosen Singapore to spearhead four of its eight global digital lighthouse projects.

Its Singapore team will lead the development of new innovations through a combination of Internet of Things, robotics and analytics in the area of marine handling, asset inspection and maintenance, predictive maintenance and truck handling.

Vopak aims to improve productivity by at least 30 per cent with the successful implementation of these projects, Dr Koh said.

Singapore is one of four major hub locations in Vopak’s global network, second just to its home base in Rotterdam. Vopak has invested over S$1.8 billion in Singapore since it first set foot on the Republic 35 years ago.

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