Stolt-Nielsen Limited Opens Chemical Storage Terminal On Jurong Island, Singapore
London, England - November 11, 2011 - Stolt-Nielsen Limited (Oslo B?rs: SNI) announced today the formal opening of its new petrochemical terminal in Tembusu on Jurong Island, Singapore. The terminal has commenced operations with three gas spheres, with plans for a total of 300,000 cbm of storage to be built over the next two-to-three years.
Stolthaven Terminals' newest facility is strategically situated in the Jurong Island petrochemical complex, among a number of major plants operated by such firms as Shell, ExxonMobil and Lanxess. When fully operational, the Tembusu terminal will employ about 60 people in mainly engineering and management positions.
Commenting on the opening, Walter E. Wattenbergh, President of Stolthaven Terminals, said, "We have ambitious growth plans for Stolthaven Terminals and our investment here in Singapore is a reflection of that. With its central location, deep water draft at all times and good transshipment possibilities, this new terminal significantly strengthens our service capabilities in Asia Pacific. The excellent business environment here in Singapore was also a very important consideration for us."
Stolthaven Terminals now operates nine terminals worldwide, plus a network of nine smaller terminals serving Australia and New Zealand. The company recently announced plans to acquire a further terminal located in The Netherlands. Stolthaven's total global storage capacity is now in excess of 3.3 million cubic meters.
Jan Chr. Engelhardtsen
Chief Financial Officer
U.K. +44 (0) 20 7611 8972
Jens F. Gr?ner-Hegge
VP Corporate Finance
U.K. +44 (0) 20 7611 8985
About Stolt-Nielsen Limited
Stolt-Nielsen Limited (SNL or the "Company") is a leading global provider of integrated transportation solutions for bulk liquid chemicals, edible oils, acids, and other specialty liquids through its three largest business divisions, Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers. Stolt Sea Farm produces and markets high quality turbot, sole, sturgeon, and caviar. Stolt-Nielsen Gas transports liquefied petroleum gas (LPG) with its fleet of very large gas carriers (VLGCs). Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.