SK Gas and Vopak to construct import terminal in Singapore

SK Gas, a major gas company under SK Group, said yesterday that its Singapore unit, SK Gas International, and Netherlands-based Vopak will jointly develop a liquefied petroleum gas (LPG) import terminal on Jurong Island where Singapore’s energy and chemical industrial complex is located.

SK Gas said it received approval from Singapore authorities and the construction of the terminal will begin later this month with operation beginning in 2016.

The terminal can store 40,000 tons of LPG and SK Gas holds a 20 percent stake in the joint venture that runs facility. The company said that LPGs will be provided to Singapore petrochemicals as a replacement for naphtha.

SK Gas added that construction of its propane dehydrogenation plant in Ulsan will begin this month and start commercial production of propylene in 2016 with an annual capacity of 600,000 tons.