A port development and industrial complex with investments of over P3 billion is rising in a seven-hectare property in Lemery, Batangas that will house state of the art cement silo and oil storage facility to support the economic growth of the country.
Ferdinand Co., president of Sinisian Lemery Batangas Port & Industrial Park Corp., said the seven-hectare complex has three major components: the Sinisian Lemery Batangas Port & Industrial Park, the Lemery Cement Silo Tank, and Lemery Oil Terminal. Each of the project component has an investment of more than one billion pesos.
According to Co, the port has a draft depth of 15m and can handle PANAMAX size Oil Tankers and Cargo Ships. The cement silo can accommodate 60,000MT of bulk cement and slag.
Meantime, the oil terminal has storage capacity of over 170 million liters. It has already one major oil importer and distributor as its major client/tenant for the oil terminal. Co also revealed that Unioil Petroleum Inc. is the client tenant of Lemery Oil Terminal.
Co, whose family business is largely into cement and other construction supply trading, said they have decided to expand into industrial storage facility to help address the global supply chain disruption during the pandemic that also affected domestic industries. The effects of supply chain disruption still continued to plague economies globally due to the ongoing wars and geopolitical tensions.
As the government embarks on building more infrastructure projects under the Build Better More program of the President Marcos, Co said, “We should be ready to provide enough and high-quality cement and slag supply to the Calabarzon area.”
At this time of global supply disruption, “Our cement silo facility should help ensure availability of a major construction material.”
For instance, he pointed out that the oil terminal supports the need to ensure fuel security in the country.
“After we experienced setback during the pandemic, the oil storage and distribution facility will be essential to increase the Fuel Inventory/Security, Support the Increase in Demand and Improve Logistics particularly for the National Capital Region, Calabarzon and Southern Luzon. Lemery Oil Terminal is expected to start full commercial operation by January next year,” said Co.
Once the project starts operation, he expects to generate at least 200 direct new jobs initially when it starts commercial operation early next year.