StocExpo Asia 2008

Summary

Singapore is one of the world’s leading oil refining and oil trading centres, in addition to being one of the top international petrochemical hubs it ranks in the top 5 bulk liquids ports in the world and boasts a dedicated chemical complex on Jurong Island with more than 80 established chemical companies operating from the island alone. With aggressive plans afoot to expand existing oil storage capacity, it is anticipated by 2008 that nearly US$ 1 billion will have been invested in the country. Added to this is the continued expansion in countries such as Indonesia, Sri Lanka, Thailand, China and many others in Asia.

In 2007. StocExpo delegates heard from key industry representatives who discussed this growth and the capacity in the region, and looked at the drivers for this increased demand. With many plans ahead for the region in 2008, (such as those outlined at StocExpo Asia 2007 by the JTC Corporation Assistant CEO Mr Philip Su, who announced plans for floating oil storage platforms), StocExpo Asia 2008 will provide a timely opportunity to review the market and look at what has been learnt, and what must still be done to ensure continued expansion, whilst maintaining utter safety and best practice standards.