Benalec maps out strategy in Johor

PETALING JAYA: Marine engineering firm, Benalec Holdings Bhd, which has the rights to reclaim land equivalent to half the size of Jurong, Singapore off the south-west coast of Johor, is going into the oil storage business through a joint venture with a large international logistics company.

Towards this end, Benalec has inked a memorandum of understanding (MoU) with the company last Friday, which it declined to disclose the details, to conduct a feasibility study with the view of building and operating a greenfield oil storage terminal project at Tanjung Piai Maritime Industrial Park (TPMIP) in Johor.