Oiltanking Grindrod Calulo and Transnet National Ports sign agreement
Published by Callum O'Reilly,
Senior Editor
Tanks and Terminals,
Transnet National Ports Authority has appointed Oiltanking Grindrod Calulo Holdings to construct and operate a new liquid bulk handling facility in the port of Ngqura, Eastern Cape region.
The project is based on a ‘Build, Own, Operate and Transfer’ (BOOT) agreement that the two companies had concluded at the end of 2016 after Oiltanking had won the open tender process.
The concept engineering design and the topographical and geotechnical survey have been completed, and construction is due to commence in 4Q17, with commissioning planned for 3Q19.
The first phase of the liquid bulk facility will provide approximately 150 000 m3 of storage capacity, with future phases providing an additional 550 000 m3.
The facility will service the oil majors, new entrants into the South African oil industry, and international traders.
Dirk Exalto, CEO of Oiltanking Grindrod Calulo Holdings, said: “For Oiltanking, this will be its first holding in a South African terminal for petroleum products, while for Calulo, which is already involved in all aspects of the oil supply chain, it will be the first clean products terminal. Meanwhile, for Grindrod, the Ngqura liquid storage facility provides diversification into fuel storage and handling, and enhances its coastal tanker shipping business.”
Jan Willem van Velzen, Director East of Suez & Africa at Oiltanking, added: “The project will create socio-economic benefits for the Eastern Cape (Nelson Mandela Bay Municipality) economy […] Besides generating local jobs during the construction phase of the project, the facility will provide permanent positions in the long-term. It will promote rural development due to skills development in the construction industry and will empower the local BBBEE businesses.”
Read the article online at: https://www.tanksterminals.com/storage-tanks/18052017/oiltanking-grindrod-calulo-and-transnet-national-ports-sign-agreement/
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