Stolthaven restarts chemical terminal project

Singapore: Stolthaven Terminals has started work on a delayed S$350m chemical storage terminal in Singapore. The project on Jurong Island was first announced in July 2008 but was put on hold due to the global financial crisis. The terminal is expected to operation in the third quarter of next year with a storage capacity of 61,000 cu m. Stolthaven plans for a total storage capacity of 354,000 cu m over the next two to three years. [10/06/10]