Serious Jurong Island is finished!

[enterprise2]

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) is developing a refinery and petrochemical integrated development project (RAPID) and other associated facilities in Pengerang, Southern Johor, Malaysia, through a project called Pengerang Integrated Complex (PIC).

Launched in May 2012, PIC is part of the larger Pengerang Integrated Petroleum Complex (PIPC) proposed by the Johor state government. Total investment for the PIPC project is approximately MYR97bn ($27bn), of which the RAPID project costs MYR57bn ($16bn) and the associated facilities require MYR40bn ($11bn).

A feasibility study along with site topographical survey and soil investigation work for the project were completed in October 2011. Front-end engineering design (FEED) and an environmental impact assessment studies have also been completed.

In April 2014, the Petronas board of directors approved the final investment decision (FID) for the RAPID project. The refinery project is anticipated to be completed by early 2019. It is expected to employ 70,000 workers during construction and generate 4,000 new jobs upon completion.

RAPID project site details and facilities

"The complex will cover an area of 2,000ha and will produce nine million tonne of petroleum products and 4.5 million tonne of petrochemicals a year."

Southern Johor was chosen as the location for the project due to its proximity to deepwater port facilities and regional demand centres. The location enables easy transport of finished products to the market. The complex will cover an area of 2,000ha, and include a crude oil refinery and petrochemical complex capable of processing 300,000 barrels per day (bpd). These two projects will collectively produce 7.7 million tonnes per annum (Mtpa) of differentiated and speciality chemicals such as synthetic rubbers and high-grade polymers.

The RAPID project refinery will produce gasoline and diesel that will meet Euro 4 and Euro 5 fuel specifications. It will also supply feedstock for the petrochemical complex, which will create highly specialised chemicals. The refinery will use modern technologies to develop these products and follow stringent environmental regulations.

 

[ckmpd]

Not just Jurong Island. Singapore is finished.

This is the result of LHL not receiving wise counsel and opts to make fun of China. No big, no small

China has a long memory and will not forget what LHL said and do against China

 

[enterprise2]

standard tactics. Just build duplicate facilities next to Singapore and compete on price. Sure win one!

 

[AsiaDK]

A lot of malaysian S-pass holders and PR working as Chemical Engineers and plant supervisors and managers (not shipyard labourers) in Jurong island.
Hope they will go back to Malaysia.

 

[greenie]

Should go back to China.

 

[eatshitndie]

see many of them cina m&ds in bay area. fairchild then national semi were like the 1st intake. must have jumped sinkie ship.

 

[no_faith]

Dont worry as long the dig m&ds still in control, they wont overtake us cos it is too stress and fast pace for them.

 

[jw5]

Remember who used to say this:

"Blah blah blah blah blah........... we will be Finished!"

 

[bodycells]

Nice one Malaysia.. Keep on going.. Do not disappoint me..

I want to see sinkieland sink to hell..

This is what happen when stupid and ball-less sinkies vote for another ball-less and stupid PAP..

Wahahhaahha.. My dream of seeing sinkieland fall is coming true.. Yeah!!!!

 

[Reddog]

Not just Jurong Island. Singapore is finished.

This is the result of LHL not receiving wise counsel and opts to make fun of China. No big, no small

China has a long memory and will not forget what LHL said and do against China

With all these fore warnings, you should blame yourself should you lack a Plan B for your family. pap has done zikapore in. No two ways about it and the conclusion.

 

[shittypore]

Madlasia no need to built castle in the Air, PAP will destruct Spore with their greed and policies.

 

[AsiaDK]

Pengerang will not succeed because investors know that malaysia police cannot defend the facility professionally against terrorism.

 

[po2wq]

Jurong Island is finished! ...

wat finished? ...

sinkielan jurong island is world crass! world bestest! world lumpar 1! ... wat msia build wil cannot even hold candle 2 sinkielan ...

 

[Hans168]

standard tactics. Just build duplicate facilities next to Singapore and compete on price. Sure win one!

PTP won oredi?

 

[ckmpd]

With all these fore warnings, you should blame yourself should you lack a Plan B for your family. pap has done zikapore in. No two ways about it and the conclusion.

Agree. I am blessed and can leave SG anytime or stay at the time of my choice. But not many Singaporeans are fortunate enough to be in my shoes. I hope these Singaporeans wake up and force pap to change

 

[AsiaDK]

wat finished? ...

sinkielan jurong island is world crass! world bestest! world lumpar 1! ... wat msia build wil cannot even hold candle 2 sinkielan ...

Yes, Malaysian can't even build VEP software platform. Wanna build Jurong Island hahahaha
Please send all the Malaysian chemical plant engineers in Singapore to help them.

 

[bodycells]

Yes, Malaysian can't even build VEP software platform. Wanna build Jurong Island hahahaha
Please send all the Malaysian chemical plant engineers in Singapore to help them.

Oh.. Papib here getting sore in the ass.. Get ready to let Malaysia fuck you in the ass.. We know you let your sinkie govt fuck in the ass is not enough for u. U are addicted to more ass fucking.. Here comes Malaysia with their huge dick.. Wahahhaahha.

Malaysia cannot do this, Malaysia cannot do that. Still living in your frog well.. Yea.. Stay in your sinkie frog well and don't come out..

 

[winners]

standard tactics. Just build duplicate facilities next to Singapore and compete on price. Sure win one!

The other project which I worry for Singapore is the upcoming joint venture port in Malacca with the Chinks.

With US$3b port, Malacca eyes slice of shipping giant Singapore's pie

KUALA LUMPUR: Once at the heart of the global spice trade, Malacca is pumping nearly US$3 billion into an ambitious plan to put itself in demand in a different hot commodity - oil.

The state is reclaiming land along the Straits of Malacca to build a port that can handle the biggest tankers on the planet. The target: a slice of traffic sailing on to nearby Singapore, the top but congested trading hub in a region with US$600 billion in annual oil trade - a third of global oil demand.

Funded largely by Chinese investors, port operator T.A.G. Marine and developer Linggi Base are building the RM12.5 billion (US$2.82 billion) Kuala Linggi International Port (KLIP) to offer storage, repair and refuelling services. At Singapore, 200km away, ships can spend costly time just waiting to deliver or take on goods, refuel or undergo maintenance work.

With Singapore's port rules also banning floating storage and ship-to-ship (STS) transfers, the potential for savings and streamlined business is clear for KLIP users like trading company Agritrade Resources.

"Through our clients who are oil majors and oil traders, we see a competitive edge in locating our floaters (storage facilities) in KLIP resulting from lower costs and less congestion," said Ng Xinwei, chief executive of Agritrade, which owns three supertankers.

Using 620-acres of reclaimed land, KLIP this month launched construction of a port with 1.5 million cu m of oil storage capacity, and dry docks to handle the biggest of oil tankers, hoping for completion within a decade.

KLIP is aware business is now dwarfed by Singapore, which handles well over 100,000 vessel calls a year, compared to KLIP's few thousand per year. KLIP did not provide targets, but analysts estimated it could handle three times current volumes within a decade.

"Many of the shipyards in Singapore have been fully booked for three years," said Saifullah Noor, Chief Executive of T.A.G. Marine. "Given the close proximity, we aren't competing with Singapore, but are actually complementing them."

PORT SERVICES IN DEMAND

Officials in Singapore did not comment on specific developments in Malaysia, but have previously said that growth in oil markets is strong enough to warrant further investment.

That's a view shared among shipping industry executives, though some also see significance in Malacca's project being backed by Chinese investors.

"I see this as a mainly China-led real estate investment project, under the 'belt-and-road' umbrella of Chinese economic expansion into South-East Asia," said Ralph Leszczynski of shipping brokerage Banchero Costa.

The project is the latest in a string of developments trying to capture a piece of Asia's rising oil demand. But while the waterways along the Straits of Malacca and Straits of Singapore - some of the busiest in the world - have created huge demand for port services, success is not guaranteed.

Malaysia's Asia Petroleum Hub project, to the West of Singapore, launched in 2005 but was wound up in 2012 amid ballooning costs.

GETTING IT RIGHT?

At KLIP, operator T.A.G. Marine remains confident that the early stages of the port development project show a track record of success that can continue.

KLIP now has one of the region's largest STS cargo transfer and floating oil storage zones, and has already handled some of the world's largest oil supertankers, like the ultra large crude carrier "TI Europe" - half a kilometre long.

Singapore clients have been paying attention.

One future potential KLIP customer is Singapore-based Toyota Tsusho Petroleum, part of Japanese trading company Toyota Tsusho Corp. The fuels supplier has signed a memorandum of understanding with T.A.G. Marine to explore bunkering.

"In KLIP, we have a newly developing port that will allow us to diversify our operations and better deploy our resources," said Nobuyuki Iida, Toyota Tsusho Petroleum general manager.

Beyond the infrastructure, industry players say there's a need to streamline some of Malaysia's processes and regulations.

"To get it right, (bunker suppliers) need support from the (Malaysia) government to have proper pricing and support from oil majors for cargoes to be competitive with Singapore," said Wan Mohd Fauzi, director of Malaysia-based bunker fuel supplier Alamgala Resources. - - Reuters

The above project is not a joke. If Singapore doesn't come up with something to counter them or think of other alternatives, I hate to admit it, but after 3 or 4 more years, PSA will be very much relinquish of its prime status and the economy of Singapore will sure to suffer since we depend a lot on entrepot trading, both in goods and oils.

Those bastard Chinks now uses trade and economic means to suppress and destroy those countries that are against and/or not being submissive to them. These bastards won't use war to attack their enemies, otherwise they will be ridiculed by the whole world. And with their management of the Malacca port, they will ensure that it will be successful, even if it means exploiting the locals, just like what they had done in Athens' Port of Piraeus after being bought over by COSCO. It had ranked from the World's 128th container port in 2010 to 40th in 2016, and those bastard Chinks are working hard to ensure that it will be the World's top 30 ports by 2018.

 

[50000]

its ok, from 3rd world to first world in 50 years and now aiming for 1st world to fishing village in 10 years....

 

[frenchbriefs]

I give singapore a life span of 5 years,if u don't have a portfolio of 200k by then and a ticket overseas,prepare to jump into the icy cold ocean.