100,000 cubic metres of storage is being added to Vopak’s PT Jakarta Tank Terminal (JTT). The facility is a joint venture in Indonesia between Royal Vopak and PT AKR Corporindo Tbk (AKR). The expansion will take the total tank capacity of JTT to more than 350,000 cubic metres.
Located in Tanjung Priok, the main port of Jakarta, JTT serves the import and distribution market in the greater Jakarta region for fuel products. The import of fuel products, particularly gasoline has been rapidly increasing in Indonesia over recent years and is expected to grow further driven by the economic growth of Indonesia and its growing population. The demand for tank storage facilities is expected to increase both with the expansion of gasoline distribution by existing players as with the market entry of new players.
This expansion will add to the terminal: eight tanks, a vapour recovery unit and additional blending infrastructure.
The investment fits well in Vopak’s strategy to facilitate customers in growing import markets and will strengthen JTT’s position as an independent import location for fuels. The expansion is expected to be commissioned in phases from Q1 to Q4 2019.
16th Feb 2018