PetroSeraya
Profile
Established on 2 April 2007, PetroSeraya Pte. Ltd is the tank management arm of YTL PowerSeraya Pte. Limited. As a key thrust of the YTL PowerSeraya Group’s diversification strategy to move into the non-regulated business, PetroSeraya marks the completion of the Group’s value chain – from sourcing fuel, to tank management and providing fuel-related services to customers.
Expands the Business Portfolio beyond Power Generation
PetroSeraya has about 870,000m³ of storage capacity. Its tanks are dedicated to its Utilities business, as well as tank leasing to meet customers’ increased demand for fuel oil storage on Jurong Island. With a well-integrated terminal configured for cargos and bunkers trading, PetroSeraya also has the operational efficiency and terminal flexibility to accommodate vessels that include Suezmax tankers.
Optimises Fuel-related Assets
It offers commercial oil terminal operations by managing and maintaining the entire fuel-related assets of the Pulau Seraya Power Station. These include jetties, tank farms, pumps and over 50 km of pipeline.
Manages Fuel Procurement
It plays a key role in managing the Group’s fuel purchases which constitutes part of the power generation cost. Through direct sourcing and its bulk purchases, it is more likely to secure better prices and achieve greater economies of scale.
Manages Risks
PetroSeraya is well-placed to improve YTL PowerSeraya’s fuel procurement position, cut risks and improve the value of its fuel stock. By deploying prudent trading strategies, it is able to strengthen its fuel security while addressing market volatility associated with oil price fluctuations.
