Af­fin Hwang sees great prom­ise in PDT project

New Straits Times - - Business -

KUALA LUMPUR: Dia­log Group Bhd’s flag­ship Pengerang Deep­wa­ter Ter­mi­nal (PDT) project in Pengerang, Jo­hor, is shap­ing up nicely, said Af­fin Hwang In­vest­ment Bank Bhd.

Af­fin Hwang said the PDT was on track to sup­port Petronas’ Re­fin­ery and Petro­chem­i­cal In­te­grated De­vel­op­ment (Rapid) project, lo­cated nearby.

PDT’s Phase 1 has been op­er­a­tional since 2015 and has re­ceived over 970 ves­sels, it said.

The se­cond phase was pro­gress­ing well, said Af­fin Hwang, which brought 20 lo­cal in­vestors to visit the site re­cently.

Phase 2 com­prises tanks for petroleum and petro­chem­i­cal prod­ucts, with to­tal stor­age ca­pac­ity of 2.1 mil­lion cu­bic me­tres ded­i­cated specif­i­cally for Petronas.

The ter­mi­nal also has a deep wa­ter jetty fa­cil­ity with 12 berths and is deep enough to ac­com­mo­date Very Large Crude Car­rier (VLCC) ves­sels.

“The petroleum por­tion has achieved about 60 per cent com­ple­tion.The ma­jor­ity of the civil works have been com­pleted.”

Af­fin Hwang said Dia­log tar­geted to achieve me­chan­i­cal com­ple­tion for its petroleum tanks by end-July next year.

Phase 2 had a com­ple­tion tar­get of end-Jan­uary 2019, said Af­fin Hwang.

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