Jetti Petroleum to expand depot in Bataan

Independent oil player Jetti Petroleum, Inc. has increased its investment in its Bataan bulk terminal to P1.5 billion, for the second phase of its development.

In a press release on Friday, Jetti disclosed that Phase 2 of its depot in Mariveles, Bataan will expand its two-hectare development by another 1.5 hectares, in order "to maximize the usable land area of the property."

According to Leo Bellas, Jetti corporate affairs manager, Phase 2 will enable the company to accommodate additional storage tanks of various sizes, or about 60 million liters in combined fuel capacity.

"Although the primary direction is to construct the Phase 2 storage tanks once Phase 1 storage capacity is deemed insufficient, the company will likewise be looking at expanding by way of other potential related businesses," he said.

The first phase of the project, to which Phase 2 will be integrated, has almost 70 million liters of total storage capacity.

The Bataan Bulk Terminal enables the company to cater to the rising demand for fuel in Luzon, including the possible storage and supply of bioethanol and aviation fuel.

The Bataan depot is Jetti's second import facility. — Rose-An Jessica Dioquino/JDS, GMA News