Vopak Singapore is exploring the expansion of its ammonia storage infrastructure with full import and export capabilities for low carbon power generation and bunker fuels at its Banyan terminal, according to the company's release.
With a storage capacity of close to 1.5 million cbm, Vopak Banyan terminal is an integrated oil, chemical and gas hybrid storage terminal. The terminal is strategically located on Jurong Island, and has extensive experience in safely handling ammonia, a product for which extra safety precautions are needed. Currently, it owns and operates a refrigerated ammonia tank with a capacity of 10,000 cbm which is supporting petrochemical activities in Singapore.
The expansion, subject to final investment decision, will add new storage capacity for ammonia to primarily support the power and maritime sectors. Vopak Singapore has recently completed the conceptual design of the planned expansion and has commenced the quantitative risk assessment study.
In addition, Vopak has ammonia storage in Caojing (China), Al-Jubail (Saudi Arabia), Kertih (Malaysia) and two locations in the US (one in Houston and one in Louisiana). Together with its partners, Vopak is developing an import terminal (ACE terminal) for green ammonia as a hydrogen carrier in the port of Rotterdam and is preparing for ammonia storage at its gas terminal in Flushing, the Netherlands.
Ammonia is considered as one of the carbon neutral fuels that can facilitate decarbonisation of the maritime sector and one of the most efficient ways to store and transport hydrogen. Depending on technology implementation, ammonia can also be considered for power generation.
Earlier in 2022, Vopak announced that it will accelerate its portfolio investments towards new energies and sustainable feedstocks by allocating EUR 1 billion in growth capital to these activities by 2030. Here, Vopak's focus is on infrastructure solutions for low-carbon and renewable hydrogen, ammonia, CO2, long duration energy storage and sustainable feedstocks. At the same time, Vopak will grow its base in industrial and gas terminals by allocating EUR 1 billion to these activities by 2030. This will further support a long-term and steady cash flow generation.
Vopak Terminals Singapore is a joint venture between Royal Vopak (69.5%) and the Port of Singapore Authority Corporation (30.5%). With 39 years of heritage locally, Vopak Terminals Singapore is experienced and dedicated in providing storage, handling and transshipment solutions for oil, gas and chemical industries. It owns and operates four terminals with a combined storage capacity of more than 3 million cbm. In addition, Vopak Terminals Singapore operates the Jurong Rock Caverns.
Royal Vopak is the world’s leading independent tank storage company.