Singapore plans to build underground rock caverns on Jurong Island to boost its fast-growing chemicals and petrochemicals sector, work for which is expected to commence later this year and end in 2009. The caverns can be used to store a variety of products like crude oil, condensates, naphtha and gas oil. Caverns are an alternative storage medium and allow resource-scarce countries like Singapore to free up large tracts of land for other, more value-added activities. Caverns will result in land savings and offer benefits of enhanced safety and security, and help boost Singapore's position as a leading petrochemicals hub.
Under the first phase, the series of storage galleries will have a total capacity of 1.47 million cubic metres. The second phase, which will be launched only when there is additional demand, will see a boosted capacity of 1.73 million cubic metres.
13-Apr-06 
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