Singapore-based marine fuel product supplier Chemoil has announced plans to further expand its GPSChemoil terminal in Fujairah, United Arab Emirates, with additional capacity of between 500,000 to 600,000 cubic meters by 2010.
Following the completion of the entire expansion program through Chemoil’s joint venture with Gulf Petroleum Supplies (GPS), the terminal’s fully aggregated capacity could reach approximately 650,000 cubic meters (cbm).
Chemoil is currently utilizing its share of the existing 49,000cbm GPSChemoil terminal and leasing a further 60,000cbm of capacity from Vopak while the phased construction of its terminal continues. It is estimated that by the end of the fourth quarter of 2008, the third phase of expansion will be completed to provide a total capacity of 94,000cbm.
Revised plans for the fourth phase of construction aim to further augment its original proposal by using land leased from the port of Fujairah to extend the facility by an additional 500,000cbm to 600,000cbm.
Chemoil noted that some of the tanks could be ready as early as mid-2009. The company is also exploring other options to further expand its local capacity beyond 2010, should market conditions demand for it.
Sanjay Anand, managing director of Chemoil Logistics, said: As the strong demand for land-based storage continues in Fujairah, Chemoil is aiming to nearly double the terminal’s capacity from what was originally intended.