Firm expands LPG operations to South PHL

WHILE other market players are registering declines in growth, South Pacific Inc.’s (SPI) market share continues to go up.

SPI has steadily expanded its market share from a mere 3 percent or 38,000 metric tons in 2015 to 13.6 percent or 218,000 MT in 2017. In 2018, the numbers jumped as SPI snared 16 percent of the market, positioning itself as a strong third among the country’s major players, in just four years in the industry.

SPI, a 100-percent Filipinoowned company, owns and operates the biggest liquefied petroleum gas (LPG) storage in the Philippines. SPI’s terminal in Luzon, strategically located in Calaca, Batangas, has a storage capacity of 22,000 MT.

To date, it has 11 surfacemounded tank storages, eight Gantry Bay for truck loading, and Marine Loading Arm for faster and efficient product receiving. Because of SPI’s large storage capacity and ample draft, it is capable of receiving refrigerated cargoes from very large gas carriers, making the company the most competitive gas cost in the country.

The company’s rapid growth, the steadily increasing demands of the market, and the success of its Calaca terminal have given impetus to an aggressive expansion plan. Recently, SPI has widened its reach to Southern Philippines with the construction of the SPI Cebu terminal.