Project Profile
Value: Undisclosed
Location: King Fahd Industrial Port at Jubail, Saudi Arabia
Capacity: 250,000 cu m (first phase: 40 commodity and specialty chemical storage tanks)
Start-up Year: early 2015
Saudi Basic Industries Corp (Sabic), and tank storage service provider Royal Vopak have launched a joint venture to build a new storage terminal in King Fahd Industrial Port at Jubail in Saudi Arabia. The Jubail Chemical Storage and Services Company (JCSSC), in which Sabic holds 75 per cent and Vopak 25 per cent, will be financed from the parties’ own resources as well as through external funds. The new facility will have an initial storage capacity of approximately 250,000 cu m. The first phase will consist of around 40 commodity and specialty chemical storage tanks, complete with truck handling and ship loading facilities for five berths, and is expected to be ready for commissioning early 2015. This capacity can be expanded in the future, a statement said.
Operators:
Jubail Chemical Storage and Services Company (JCSSC): Operator with 100% interest Joint venture of:
Saudi Basic Industries Corp (Sabic): 75% interest
Royal Vopak: 25% interest