Oiltanking JV Signs Deal with Shell For Additional Propylene Storage

摘要

Singapore-Oiltanking Singapore Chemical Storage Pte, a joint venture of Oiltanking GmbH and Macquarie Infrastructure and Real Assets, has signed a long-term storage agreement with Shell Eastern Petroleum Ltd. for additional propylene storage on Jurong Island in Singapore. The joint venture has an existing C3 system in place for Shell and the addition of two new propylene bullet tanks will "complement and strengthen" the strategic partnership between Oiltanking Singapore Chemicals and Shell, Oiltanking noted.