Taiwan’s engineering, procurement, and construction (EPC) services provider, CTCI Corp has jointly won a NT$26.6 bill bid with Japan’s IHI Plant Services Corp (IPC), to build four above-ground, double-domed LNG cryogenic tanks.
They will have a storage capacity of 180,000 kiloliters each and were ordered by CPC Corp, Taiwan’s state-owned petroleum company, for the Kaohsiung Intercontinental LNG terminal.
“We thank CPC for entrusting this project to us,” said Michael Yang, CTCI Corp Chairman. “CTCI’s partnership with IHI Corp has spanned over two decades.
“With extensive track record and project management experience, we’re confident that this project will become another success.
“The tank storage project will serve as another example of CTCI’s commitment to safeguarding the Earth’s sustainability, as we choose to adopt environmentally-friendly ‘Green Engineering’ technologies and intelligent technologies to expedite greenhouse gas emissions reduction and energy saving,” he said.
These LNG tanks are a key part of CPC’s investment in setting up a storage and transport terminal for its petrochemical and refinery products.
They are also a response to the forecast demand surge for natural gas, which aims to take up 50% in the energy mix for electricity generation, as Taiwan seeks to diversify its generation sources and take steps to reaching net zero emissions.
Due to be completed by late 2030, these tanks will enhance CPC’s LNG storage capacity, ensure stable gas supply in the southern region, and be ready to redistribute gas across the island through land and sea networks when in need, CTCI said.
