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SHV Energy expands its LPG terminal at Tuticorin
SHV Energy Pvt Ltd, a subsidiary of Dutch multinational SHV Energy NV, has expanded its LPG terminal capacity by 30,000 metric tonne in Tamil Nadu at an outlay of about Rs 5 billion.
The facility in Tuticorin would be ramped up from 8,500 metric tonne to 38,500 metric tonne, the company said last week. SHV Energy, set up in 1996 with the brand name Supergas, has seven import terminals and 20 filling plants. The terminal expansion was inaugurated by top officials including SHV Energy head Bram Graber and Supergas chief executive Santanu Guha, a company statement said.
"This expansion will allow us to offer government-run oil companies both the LPG and the storage facilities they need, thereby optimising logistics and strengthening the overall LPG landscape in India, " Graber, who is a member of the World LPG Association Board of Directors, said.
The LPG would help meet India's long-term energy needs and would support the country's transition away from more polluting fuels such as coal and oil, he noted.
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