Hiap Huat Holdings Berhad announced that it has commenced the construction of a RM100 million cutting-edge liquid bulk storage terminal at West Port, Port Klang, after obtaining a 46+12-year land lease agreement from Westports Malaysia Sdn Bhd.
The project is led by KL Bunkering which is the joint venture entity formed between Hiap Huat and KL Platform services is in respond to Malaysia’s increasing demand for liquid bulk storage.
The facility will feature a storage capacity of 123,800 cubic meters spread across forty-one (41) vertical storage tanks. It
is designed to accommodate a diverse range of products, including petroleum, petrochemicals, and biofuels, ensuring versatile and comprehensive storage solutions for various industrial needs.
Dato’ Chan Say Hwa, Managing Director of Hiap Huat Holdings Berhad said “We are thrilled to embark on this ambitious project, which represents a significant milestone for the Hiap Huat group and the Malaysian liquid bulk storage landscape. Our commitment to green practices, combined with our strategic location and cutting-edge technology, will position us as one of the leaders in the industry while contributing to a more sustainable future.”
In addition to its environmental initiatives, KL Bunkering has established a strategic partnership with Qastalani Sdn Bhd, a leading player in the Malaysian bitumen market. This partnership includes a 46-year Collaboration agreement for approximately 38% of the first phase capacity, with an option to expand up to 40,000 cubic meters.
The terminal’s development will be executed in three planned phases, with an estimated capital expenditure of approximately RM100 million over five years. The first phase is anticipated to be operational by the fourth quarter of 2025.
