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The Jurong Rock Caverns (JRC) (Chinese: 裕廊岛地下储油库, Malay: Gua Batu Simpanan Barang Mentah Jurong) is the first underground rock cavern for oil storage in Southeast Asia. It is owned by Jurong Town Corporation. The rock caverns were officially opened on 2 September 2014 by the third Prime Minister of Singapore, Lee Hsien Loong. [1]
Jurong Island is an island located to the southwest of the main island of Singapore.It was formed from the amalgamation of seven offshore islands, the islands of Pulau Ayer Chawan, Pulau Ayer Merbau, Pulau Merlimau, Pulau Pesek, Pulau Pesek Kechil (also called Terumbu Pesek), Pulau Sakra (which was a previous merger of Pulau Sakra and Pulau Bakau), Pulau Seraya, Pulau Meskol, Pulau Mesemut ...
Together with Jurong Island and neighbouring offshore islands, the island is part of the integrated storage and trading hub that was developed by Jurong Town Corporation, which leases it to Tankstore, an oil storage company. [1] Before reclamation, Pulau Busing had a land area of 2.5 hectares. It has seen major land reclamation to its southern ...
The country's largest oil storage facility is located on Jurong Island and can store about 17 million barrels. As of 2013, the Singapore government maintains strategic petroleum reserves of about 32 million barrels of crude oil and 65 million barrels of refined petroleum products.
In 2019, Jurong Port started the operation of its Jurong Port Tank Terminals (JPTT). JPTT is a 60:40 joint venture between Jurong Port Pte Ltd and Advario. It is Located in Pulau Damar Laut in Jurong Port, the liquid bulk terminal is designed to store and handle clean petroleum products and petrochemicals.
The company also offers oil trading and storage services. Its core business with a licensed generating capacity of 3,100MW is situated on Jurong Island. [1] [2] YTL PowerSeraya sells electricity to customers through its retail arm, Seraya Energy, and manages fuel purchases through its oil trading arm, PetroSeraya. Its corporate office is ...
It serves as the petroleum and petrochemical hub of the city-state, and it houses the third largest refining centre in the world. [3] Jurong Island is home to over 94 petroleum, petrochemical, specialty chemical and supporting companies with more than S$26 billion in fixed assets investment on
On 6 March 2009, YTL Power acquired 100% equity interest in YTL PowerSeraya Pte Ltd (YTL PowerSeraya) from Temasek Holdings. YTL PowerSeraya is situated on Jurong Island – Singapore’s oil, gas and petrochemicals hub which is in close proximity to the world’s major shipping and oil routes, and has extensive fuel storage capacity. [12]
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