Philippine Coastal Storage & Pipeline Corporation (PCSPC) operates the petroleum storage and pipeline facilities of the former US military bases, namely Subic Bay Naval Base and Clark Air Force Base..
When the U.S. military pulled out in 1992, the Philippine Government took over and established the Subic Bay Metropolitan Authority (SBMA) and the Clark Development Corporation (CDC). The petroleum product facilities were leased out by the Government in 1993 to Coastal Subic Bay Terminal Inc. (CSBTI) for 25 years. In April 2004, PCSPC took over the lease from CSBTIand in May 2011, PCSPC was granted a lease extension of 25 years or until March 2043 with an option to renew for another 15 years.
PCSPC operates the fuel storage facility in Subic while its parent, Clark Pipeline and Depot Company, Inc. (CPDC) operates the Clark facility.
Strategically situated at the heart of South East Asia, PCSPC's Subic facility is within optimal sailing time to and from neighboring countries. This allows for efficient and consistent delivery of customer requirements.
Subic Bay Freeport Zone – PCSPC is again expanding its fuel storage capabilities at Subic Bay by building seven more storage tanks with a capacity of 1.2 million barrels in Maritan Hill. Once completed, PCSPC will be able to store a total of 4.6 million barrels of petroleum and petroleum-related products.
PCSPC received its Environmental Compliance Certificate on June 27, 2012 and Construction permit on July 25, 2012. This latest expansion is expected to...