Tag Archives: Land Reclamation

Jurong Island weighs options as land runs out

Posted on 1 Oct 2009 | Comments Off on Jurong Island weighs options as land runs out

Choice between floating facilities, land reclamation to be made soon

Jurong Island is running out of land and Singapore will decide early next year on how to augment space at the oil and petrochemicals hub that houses biggies such as ExxonMobil and Shell. One option is to build large floating facilities there to store oil, while further land reclamation is another possibility.

As it is, 75 per cent of the island’s 3,000 hectares has been taken up or reserved by oil and petrochemical investors, a JTC Corporation spokeswoman told BT yesterday, adding that ‘JTC is in discussions with companies for the remaining 25 per cent’.

It was only last Friday that JTC celebrated the completion of Phases 3 and 4 of reclamation, which added 1,500ha and doubled the total land available at the highly integrated island complex. And so far, 95 investors have ploughed in more than S$31 billion there so far.

But already, some companies which had earlier postponed investments because of the global downturn will be resuming their projects soon, JTC chairman Cedric Foo said last week, without citing names. Continue reading →

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Carving more routes to Jurong Island

Posted on 27 Sep 2009 | Comments Off on Carving more routes to Jurong Island

JTC to build new road link and barging terminal for energy and chemical firms

JURONG Island will be getting a new road link and barging terminal to support its growing energy and chemicals cluster.

Industrial landlord JTC Corporation unveiled these new projects yesterday as it celebrated the end of reclamation works on the island – 21 years ahead of schedule.

Jurong Island was formed by merging seven southern offshore islands with a total land mass of 991ha. Reclamation began in 1995 and was targeted for completion in 2030. But JTC sped up the project as demand for land on Jurong Island surged and exceeded expectations.

In 2000, there were 61 petrochemical companies which had invested $21 billion on the island. Today, there are 95 firms which have poured in over $31 billion into fixed assets.

Jurong Island spans 3,000ha and companies have fully taken up land on its east side. There are ’small pockets’ of land left in the western part of the island and ‘many investors are very keen to come here’, JTC chairman Cedric Foo told the press on the sidelines of the event. Investments will grow ‘probably at a good pace. . . My estimate is, probably no worse than the historical average’. Continue reading →

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