Cape Town harbour’s new fuel storage facility is up and running. The first delivery of 50,000m³ of diesel to a dozen 19m-high tanks on the Eastern Mole wharf is being used to test the tanks and pipework, before the terminal goes into full operation in August. Work began in late 2015 after Burgan Cape Terminals won a 20-year contract to build and operate the tank farm. It is expected to inject up to R650m into the Western Cape’s economy. Burgan‚ whose owners are the Netherlands firm VTTI (70%)‚ and black economic empowerment companies Thebe Investment Corporation (15%) and Jicaro (15%)‚ was formed in 2008 to address the lack of domestic storage capacity and to improve the security of fuel supply. The terminal can hold up to 118,000m³ of diesel‚ and the first consignment was delivered last week by the tanker Marlin Ammolite. Fuel from the tanks will not be used to refuel ships calling at the harbour. Instead it will be loaded into trucks to be transported inland. Burgan finance manage...
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