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CHINA,MALAYSIA : JV to develop 380,000mł petrochemical storage facility in Johor
Publish Date : 10-Oct-2011
A new joint venture has been created by Centralised Terminals (CT) with China Aviation Oil (CAO) to develop, operate and manage and maintain a 380,000mł petrochemical storage facility in Tanjung Langsat Port in Johor.
CT is a joint venture between maritime company MISC and Malaysian oil and gas provider Dialog.
The plan of CAO is to lease all of the tanks at the terminal, primarily for aviation fuel storage.
At present, CT operates a tank terminal facility in Tanjung Langsat Terminal One. This facility has a capacity of 476,000mł. The company\'s 171,000mł at Langsat Terminal Two is under construction. Its completion is scheduled for the end of the current year.
