Mundra Indian Oil Tanking to develop terminal in Gujarat

Mundra Port & SEZ is planning to develop an liquid products terminal at Mundra in joint venture with Indian Oiltanking. A new company in the style of “Mundra Indian Oiltanking Ltd” has been floated to implement the project. The terminal will have a 342,000 cubic metre tank storage capacity. It will provide services to leading domestic and multinational companies from the refining, marketing, trading and manufacturing sectors for petroleum products including bunker fuel, biofuels, vegetable oils and liquid chemicals. As of April 2007, the project is still in the planning stage.