Myanmar joint venture storage terminal launched
Tank Storage Magazine
A joint venture petroleum products terminal between Puma Energy and Asia Sun Energy has been launched in Myanmar.
The $92 million investment in the Puma Energy Asia Sun terminal, located at Thilawa port, is first of its kind for the Myanmar petroleum industry, which has just opened up to foreign direct investment in this area.
With 91,000 m3 of capacity, the terminal is the largest and most modern refined products import terminal in Myanmar. It caters for a range of petroleum products including commercial fuels, HFO, bitumen and jet fuel.
The terminal is the first in the country to be built to API, ASME and NFPA international guidelines for construction, safety and environmental standards.
David Holden, general manager of Puma Energy Asia Sun, says: 'Puma Energy Asia Sun has invested close to $100 million in this vital fuel infrastructure to support the long-term economic development of the country. The Thilawa terminal will support Myanmar's increasing need for transport fuel and contribute towards the nation's development.'