FFS Refiners' R350M job creation and Bitumen supply investment

--:--
There is a massive demand for bitumen in road construction projects in South Africa, especially related to the strategic infrastructure programmes outlined by President Cyril Ramaphosa that need to be addressed for South Africa’s economy to be put back on track. FFS Tank Terminals’ facilities will provide the industry with the security of a bulk supply of bitumen following the untimely demise of the local refining industry.

In addition, the Vala Zonke programme, announced by Transport Minister Fikile Mbalula, aims to address the scourge of potholes nationally. The availability of bitumen will enable this critical infrastructure programme to meet its goals and keep the economy of South Africa moving forward.

The expansion consists of the construction of storage tanks with a total capacity of 26 500 cubic meters (26 500 000 litres) and will be implemented in two phases. Phase 1 will be constructed for rental and will include three storage tanks with a capacity of 7 500 cubic meters (7 500 000 litres), including product heating facilities, an import pipeline, two loading gantries, and two weighbridge facilities – phase 1 is already underway with all engineering design work completed and expected to operate by September 2023. Furthermore, South African civil and tank fabrication contractors have been appointed, ensuring job creation is prioritised during the expansion.

WR Van Der Merwe has more in Business Watch
2 Oct 2022 English South Africa Business · Business News

Other recent episodes

Astron Energy Extends 10-Year Partnership with FreshStop

Astron Energy, a leading fuel company, announces the renewal of its 10-year partnership with FreshStop, a prominent South African forecourt retail brand. This extended agreement solidifies Astron Energy's commitment to providing exceptional service and convenience to consumers across its network of over 800 service stations. The partnership aims to continue…
14 May 1 min

SMME Spotlight: Berry Coulis Catering

In the dynamic world of catering, where culinary experiences are as diverse as the palates they cater to, Berry Coulis stands out as a beacon of innovation and excellence. Founded by Zanele Mbatha in 2012, Berry Coulis has evolved from a humble beginning to become a leading name in the…
13 May 1 min

SMME Spotlight: Nomadic African

Mondays and Thursdays on ECR's Business Watch are reserved for SMME's, and this week we're spotlighting Nomadic African, a communications and marketing agency based in South Africa. Led by Dorothy Amuah, Nomadic African has carved a niche as a premier communications and marketing firm dedicated to elevating the narratives of…
9 May 1 min

Dube TradeZone 2 sets stage for Economic Growth

Dube TradePort Corporation (DPTC) heralds the launch of Dube TradeZone 2, adjacent to King Shaka International Airport, with an impressive R1.8 billion in initial investments. This milestone signifies a cumulative private sector investment of R4.6 billion and the creation of over 5,000 permanent jobs. Notable dignitaries, including government officials and…
6 May 1 min