Sources say that the Philippines' largest oil import storage company is seeking a strategic investor.
Two people familiar with the matter have confirmed that the owners of Philippine Tank Storage International want to bring in a strategic investor for the company, which runs the largest petroleum import storage facility of the country. One person said that Singapore's Keppel infrastructure Trust and the Philippine conglomerate Metro Pacific Investments Corp. (MPIC) were weighing a deal which could value the asset up to $500,000,000.
Largest Wind Turbine Tested on Maasvlakte
The world’s largest wind turbine, Haliade-X, is being tested on Maasvlakte at Port of Rotterdam. This ‘test rig’ was realised via innovative cross-pollination between the American GE Renewable Energy, Sif Netherlands and Pondera Consult.Huge 107-meter-long blades have recently started rotating on Maasvlakte. These are part of the Haliade-X12 MW, the world’s most powerful wind turbine.It is 260 meters high and has a 12-megawatt capacity…
Transnet Appoints Ngqura Liquid Bulk Terminal Operator
The Port of Ngqura is poised to play a vital role in ensuring the security of South Africa’s fuel supply, while creating a new petroleum trading hub for Southern Africa in anticipation of the relocation of existing liquid bulk facilities from Port Elizabeth. This follows the conclusion of an agreement between Transnet National Ports Authority (TNPA) and Oiltanking Grindrod Calulo (Pty) Ltd (OTGC)to plan…
Israeli Solar Firm Looks to Operate 24/7
Promises more effective heat storage than current methods. Company expects quick market penetration; says can match fossil fuel-fired power plants on price. An Israeli solar power company, Brenmiller Energy, says it has developed a new, more efficient way to store heat from the sun that could give a boost to the thermal solar power industry by enabling plants to run at full capacity night and day.
AKR Corporindo to Spend 2.3 trln rph on Industrial, Port Project
PT AKR Corporindo, a distributor of basic chemicals and petroleum products, plans to spend 2.3 trillion rupiah ($198.84 million) on investment in the second half of this year, to finance its Java Integrated Industrial and Port Estate project, said Director Suresh Vembu. The firm is working in co-operation with state port firm PT Pelindo on the project situated on a 1…
