• In the recent years market for Oil and Chemical Industry has been growing as a result of expansion of manufacturing, industrial, building, infrastructure and transportation.
• Petro-chemicals like Naphtha are becoming a key fuel for new power generation projects. Naphtha, one of the highest liquid fractions from the crude oil distillation process, is a basic building block for the petrochemicals industry and an important feedstock for the manufacture of gasoline in oil refining.
• Fossil Fuel and its products are increasingly focussed to be sustainable. Therefore fossil fuels are gaining in value and importance industry wise. Business in these strategic area, are adding capacity and value day by day.
• In recent years, the supply and demand patterns for Oil and Chemical Storage have been subject to significant change, and specifications required by individual customers have become more exacting. Stringent specification and source verification requirements mean that a high degree of expertise in storing these products is needed to ensure full compliance.
• Thus, it is obvious that the demand has grown in oil/chemical storage facilities and capacities, strongly fueled by rapid economic development in the region, which has triggered development of new storing complexes.