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Three New Tanks and Facilities Under ConstructionPosted on: August 25, 2016 11:42 AM
Subic Bay Freeport Zone – PCPSC is to increase its storage capacity by 540,000 barrels in 2017 by adding three (3) new tanks at its Subic Bay Freeport Zone facility. Aboitiz Construction Group Inc have been awarded the contract to build the three new 180,000 barrel capacity tanks, tank truck loading racks and associated facilities which are due for completion in May 2017. The new tank facility will be interconnected to the existing piers to allow dedicated vessel discharge and barge loading. The total capacity of PCPSC will therefore increase to 5.24 million barrels in 2017.
The decision to increase capacity follows a steady increase in demand from our customers for their various fuel product storage requirements. PCSPC's strategic location in the Subic Bay Freeport Zone allows the means of reliable/sustainable fuel supply for timely deliveries, safe importation and storage, good proximity to fuel hubs within the Asian region, good road networks for distribution from Subic Bay to Clark and onwards to Northern Luzon and Manila, and easy coastal access for barge trans-shipments throughout the Philippines. Coupled with an existing long term lease agreement with Subic Bay Metropolitan Authority, PCSPC is very pleased to be able to commit to this long term investment to further serve the fuel needs of the Philippines both now and in the future.