Shell Philippines Inaugurates New Import Terminal in Southern Mindanao

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Researched by Industrial Info Resources (Sugar Land, Texas)--Shell Philippines Corporation recently inaugurated its fourth petroleum storage and import terminal, located in Darong, Davao, Philippines, in the southern part of Mindanao. The terminal is owned by Sta. Cruz Storage Corporation, a subsidiary of Northern Star Energy Corporation (Makati, Philippines), and has a storage capacity of 67 million liters (421,417 barrels).

Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Project and Plant databases can learn more from a related project report and plant profile.

The company also announced its capital spending plans for the next two years, with projected annual capital expenditures ranging from ₱2 billion (US$35.2 million) to ₱3 billion (US$52.9 million.) These investments will support ongoing operations at its import facility in Tabangao, Batangas City, and fund the development and upgrade of its mobility business across the country.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).