Philippine Coastal Storage and Pipeline Corporation completes fuel storage expansion

Philippine Coastal Storage and Pipeline Corporation (PCPSC) has completed the construction of 540,000 barrels of additional storage capacity and loading facilities at its operations in Subic Bay Freeport Zone (SBFZ).

Three new 180,000 barrel fuel storage tanks and two tank truck loading racks were built by the Aboitiz Construction Group Inc. The tanks will increase PCSPC’s total fuel storage to 5.2 million barrels (or 827 million litres) of various fuel products such as diesel, gasoline, jet and fuel oil. This also completes PCPSC’s commitment to SBMA to invest and build 1.8 million barrels of fuel tank storage in Maritan tank farm.

Chairman of PCSPC, Michael Rodriguez said: “This considerable increase in storage is in response to our customers’ demand for quality and available fuel storage in Subic Bay, and we are pleased to be able to provide this new expansion to accommodate their needs.”

PCSPC’s location in the SBFZ enables efficient importation of fuel products for storage and onward distribution along the network of roads to Clark, Manila, Central and Northern Luzon.

Michael said: “With our existing long term lease agreement with Subic Bay Metropolitan Authority, PCSPC looks forward to being able to undertake further investment, as demand requires, in order to serve the increasing fuel needs of the Philippines now and in the future.”

For more information visit www.philcoastal.com

2ns Aug 2017