NEW BUSINESS MODEL: Shell builds 3rd terminal

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    Pilipinas Shell Petroleum Corp. (PSPC) launched last week a new import terminal in Subic as part of its new business model following its decision to cease refining operations in Batangas.

    The company said in a statement the facility can store 54 million liters of finished products in one shipment and will maximize efficiency and minimize its transshipment costs.

    Its location gives it easy access to the regions of Ilocos, Cagayan Valley, Central Luzon and the Cordillera Administrative Region.

    The Subic facility is its third medium range vessel-capable facility that will complete its supply triangle together with the Tabangao refinery-turned-import terminal in Batangas and the North Mindanao import facility (NMIF) in Cagayan de Oro City in Mindanao.

    The company is investing at least P1 billion in the next few years for the Tabangao facility with a capacity of 263 million liters to serve the needs of Metro Manila, Southern Luzon and Northern Visayas while the NMIF continues to serve the needs of the rest of Visayas and Mindanao with its 90 million liters capacity.

    Cesar Romero, PSPC president and chief executive officer, said the company “share(s) government’s optimism and remain(s) committed as the country’s partner in nation-building by leveraging our global expertise to strengthen our presence in the Philippines and bolstering supply ahead of Asia’s anticipated bounce-back in fuel demand.

    He said that the company will continue to grow its number of retail stations.