Puma Energy opening Bitumen Terminal to support infrastructure growth in India
Puma Energy’s Bitumen business, Puma Bitumen, today announced the opening of its latest bitumen terminal in India. The new terminal will produce up to 40KT of asphalt every year to support infrastructure growth in the country.
Located in Chennai, South East India, the terminal will provide a great strategic location for the region’s first import terminal. The bitumen produced from the terminal will be sold in the local market to help pave the way for an improved and more sustainable road network in Chennai. Providing the country with an efficient and modern bitumen supply infrastructure to support its rapid growth, this latest terminal opening in India will also complement and enhance Puma Bitumen’s growing portfolio in Asia and Australasia.
Bitumen produced from this terminal will be supplied to Hyderabad City Corporation, Chennai City Corporations and Tamil Nadu Public Works department.
The opening of this terminal will be marked by the arrival of The Sheriff, a bitumen vessel with a shipping capacity of 15,000 DWT.
Rakesh Reddy, Commercial Operations Manager at Puma Energy comments: “India is a promising and exciting market for Puma Bitumen to operate and grow in as it has the world’s second largest road network and a booming demand for high quality bitumen. This new terminal and increased supply of bitumen into India will be an integral piece in our growth strategy for the region over the coming years.”
Erik Denneman, Global Technical Manager at Puma Bitumen, said: “This expansion of our offering in India demonstrates to our customers that we have both the global logistical and technical expertise to support the rapid growth in Indian infrastructure, through the supply of our quality bitumen products.”