Provider of bulk liquid storage terminals across Australia and New Zealand, Quantem has announced a project to more than double the diesel storage capacity at its Pelican Point terminal in Adelaide, South Australia.
The $56 million (€33.8 million) project will add 90,000 m3 of new diesel storage capacity for the fuel industry in South Australia while creating local employment opportunities during construction.
The project is supported by Quantem’s successful funding application under the Australian Government’s Boosting Australia’s Diesel Storage Program.
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Quantem managing director and CEO Nick Moen says: ‘This project is a critical component of enhancing Australia’s domestic fuel security and safeguarding future supplies for the country’s transport sector and industrial supply chains which are vital to Australia’s infrastructure requirements.’
Construction is expected to commence in the fourth quarter of 2023, with project commissioning expected by the second quarter 2025.
