Vopak’s New LPG Facility in Singapore Gets Its First Cargo

first_imgzoom Tank storage company Vopak has received its first cargo at the new liquefied petroleum gas (LPG) facility at its Banyan terminal on Jurong Island, marking the start-up of Southeast Asia’s first independent LPG import and storage facility. The shipment from the vessel “Sun Aries” will deliver fully refrigerated propane to ExxonMobil Asia Pacific Pte Ltd, one of the anchor tenants of Vopak’s terminal in Singapore.The LPG facility has an initial capacity of close to 80,000 cubic meters and is an 80/20 partnership between Vopak Terminals Singapore Pte Ltd and SK Gas International Pte Ltd. Tan Soo Koong, Managing Director of Vopak Terminals Singapore said, “We are very well positioned to capture the flows of LPG coming from US and Middle East and our independent LPG facility is geared towards becoming a strategic gas centre in the future.”“Improving feedstock competitiveness is a focus area under the Jurong Island version 2.0 initiative, which aims to grow the sector in a competitive and sustainable manner. With this new LPG facility, crackers can now tap on alternative feedstock. This will strengthen our integrated chemicals value chain and further enhance Jurong Island’s attractiveness as a manufacturing location for high-value added chemicals,” said Damian Chan, Executive Director, Energy and Chemicals, Singapore Economic Development Board.Vopak, together with its partners, operates five terminals in Singapore with a total capacity of over 3 million cubic meters.last_img read more

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Inside Out celebrates edge over Jurassic Magic Mike malfunctioning Terminator

by Lindsey Bahr, The Associated Press Posted Jul 3, 2015 12:07 pm MDT Last Updated Jul 5, 2015 at 10:20 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email LOS ANGELES, Calif. – Even with the flashy competition of Terminators and male strippers, the little feelings inside a young girl’s head proved to be more of a draw for moviegoers going into the holiday weekend.Disney and Pixar’s “Inside Out” earned a chart-topping $7.7 million on Thursday, according to Rentrak estimates. The animated family film has grossed $216.1 million to date and could become the first film since “Argo” to climb to No. 1 during its third weekend in release.“Inside Out” had been trailing the gargantuan grosses of “Jurassic World” for two weeks, but might have the edge finally. Universal’s record-busting dino film brought in $6.9 million Thursday, bringing its domestic total to $527.2 million.New openers “Terminator Genisys” and “Magic Mike XXL” held the third and fourth spots, respectively with $6.5 million and $5.7 million.But, this narrow advantage doesn’t mean much for “Terminator’s” bottom line, which looks destined for disappointment. The Skydance-Paramount movie was produced for an estimated $155 million. The “Magic Mike” sequel, meanwhile, only cost around $15 million.With daily grosses this close, the long holiday weekend is still anyone’s game.While no film will be reaching the $80 million-plus heights of 2013’s “Despicable Me 2,” 2004’s “Spider-Man 2” or 2011’s “Transformers: Dark of the Moon,” this weekend is solid improvement over last year’s disastrous Fourth of July weekend.The 2014 Independence Day box office was the weakest in decades thanks in part to lacklustre options, like “Tammy,” and “Earth to Echo,” bad weather and the competition of the World Cup. This image released by Warner Bros. Pictures shows a scene from “Magic Mike XXL.” Warner Bros. said Thursday that the Channing Tatum male-stripper sequel earned an estimated $9.3 million on its opening day Wednesday, July 1. Paramount Pictures’ “Terminator Genisys,” a reboot of the Arnold Schwarzenegger sci-fi franchise, opened with an estimated $8.9 million Wednesday. (Claudette Barius/Warner Bros. Pictures via AP) ‘Inside Out’ celebrates edge over ‘Jurassic,’ ‘Magic Mike,’ malfunctioning ‘Terminator’ read more

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