Singapore's Jurong Rock Cavern (JRC), Southeast Asia’s first underground commercial storage facility for liquid hydrocarbons located beneath Banyan Basin on Jurong Island, has been officially opened by the country's Prime Minister Lee Hsien Loong Tuesday, a development marking the end of the first phase of the project, which began when feasibility studies were conducted between 2001-2006.
Jurong Town Corporation (JTC), the project developer, completed the first two caverns in March and the remaining three caverns are scheduled for completion in late 2016. Together the five caverns can store up to 51.91 million cubic feet (1.47 million cubic meters) of liquid hydrocarbons such as crude oil and condensate.
"As a commercial underground storage facility, the JRC will complement and enhance the existing network of integrated infrastructure on the Island, and further reinforce Singapore’s position as a leading global energy and chemicals hub," JTC said in a press release.
Jurong Aromatics Corporation (JAC), currently building an aromatics complex on Jurong Island, will be JRC's first customer and it will use the first two caverns to store condensate - a feedstock for its aromatics plant.
Earlier in January, JTC appointed Banyan Caverns Storage Services Pte Ltd. - a consortium comprising Vopak Terminals Singapore Pte Ltd, Geostock SAS and JURONG Consultants Pte Ltd. - as operator of JRC.
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