by BusinessMirror - July 18, 2016
CAGAYAN DE ORO—Power, energy and gas
technology leader Pilipinas Shell Petroleum Corp. (PSPC) on Monday
inaugurated its 90-million-liter capacity North Mindanao Import Facility (NMIF)
strategically located at the port of Cagayan de Oro. It is the first Shell
terminal in the Philippines that is equipped to receive a medium-range (MR)
vessel.
The NMIF will cater to the growing
power and energy needs of millions of residents, motorists and consumers in the
Visayas and Mindanao.
“NMIF contributes to increased
security of energy supply in the Vis-Min region, as it provides additional
storage capacity of finished petroleum products and a new source point of fuels
that can be distributed to surrounding depots and customers,” Shell Cos. in the
Philippines Chairman Edgar O. Chua said.
The NMIF also forms part of Shell’s
commitment to support the directives of the Department of Energy (DOE) under
the Philippine Development Plan 2011-2016, which are to promote development and
upgrade the downstream infrastructure, and to update the country’s oil-supply
contingency plan through the establishment of oil stockpile.
Signaling its completion, the NMIF
successfully received its first MR vessel on June 10 and admitted approximately
25 million liters of automotive diesel oil that filled two of the four diesel
storage tanks of the facility. Subsequently, NMIF delivered further milestone
activities such as wet commissioning of the MOGAS tanks and replenishment of
the existing terminal using tank-to-tank transfer, leading to its inauguration
today.
“Pilipinas Shell Petroleum Corp. is
one of the major investors in Mindanao. The construction of this facility,
which began in 2014, establishes Shell’s commitment to support the projected
growth of the Vis-Min region. The inauguration of NMIF today is the result of
the close collaboration between the city of Cagayan de Oro, the Philippine
Ports Authority, Pilipinas Shell and its business partners,” said Dennis Gamab,
PSPC vice president for trading and supply.
The construction and operation of
the import facility is one of Shell’s responses to meet the increasing energy
demand and supply challenges—delivering smarter infrastructure, smarter
products and cleaner energy, promoting sustainable mobility and developing new
energy sources. These innovative methods address the energy challenge while
mitigating environmental impact.
At the same time, the NMIF will help
reduce maritime risks, as the source of petroleum products is closer to the
intended distribution points.
As a responsible member of the
community, Shell embarks on various Social Performance programs to address the
needs of the community in terms of safety, health, livelihood, environment and
disaster resiliency. Shell will formally turn over its social development
projects to the community as part of the inauguration event.
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