JOHANNESBURG: Oiltanking Grindrod Calulo Holdings has signed an agreement with South Africa’s Transnet National Ports Authority (TNPA) for a new liquid bulk handling facility at the Port of Ngqura.
The build, operate and transfer agreement was signed for the terminal which will have 150,000 cubic metre of storage capacity in its first phase, which will store refined petroleum products. It will replace tanks currently in use in the Port Elizabeth. Future phases will provide capacity for up to an additional 550,000 cubic metre of storage capacity.
Construction of the facility is due to commence in the 4th quarter of this year with commissioning in the third quarter of 2019.
“The new modern facility will service the oil majors, new entrants into the South African oil industry as well as international traders – all supporting the local shipping industry,” the joint venture partners said in a statement.
