Petredec entered into an agreement with Bidvest Tank Terminals to develop a liquefied petroleum gas (LPG) import and storage facility in Richards Bay, South Africa.
Petredec, a liquefied petroleum gas (LPG) distributor, entered into an agreement with Bidvest Tank Terminals, an independent bulk liquid storage operator, to develop an LPG import and storage facility in Richards Bay, South Africa.
The new 22,600-metric-ton storage facility at Bidvest’s existing site in Richards Bay will be the region’s largest pressurized LPG import terminal, Petredec said. The facility will be equipped with four mounded tanks, each capable of storing over 5,500 metric tons of gas.
Construction is expected to break ground in September, and the facility should be operational from the fourth quarter of 2019.
“Dedicated 24-hour road tanker and railcar loading facilities will ensure constant supplies 365 days a year, enabling local LPG marketers to guarantee product availability to their customers throughout South Africa,” Petredec said.
Petredec said the new facility will result in lower LPG supply prices to the local market, which have historically been high due to South Africa’s small coastal terminals and distance from major supply hubs.
South Africa to gain new LPG import facility
