Monday, August 18, 2025

Php2-B Lemery oil terminal seen as gateway for more fuel importers

Lemery Oil Terminal Corp. is positioning its newly inaugurated Php2-billion petroleum storage complex as a gateway for more independent fuel importers seeking access to storage facility in the country.

 

The company said it is welcoming more locators to lease space in the terminal, which currently hosts Unioil and Insular Oil.

 

The facility is one of the largest privately operated fuel terminal in Southern Luzon which has a total storage capacity of 181 million liters across 22 steel tanks.

 

Lemery Oil Terminal is designed to store imported automotive diesel oil, motor gasoline, fuel ethanol, and coco methyl ester used in biodiesel blends. It is intended to support both conventional fuels and cleaner alternatives, in line with government energy transition goals.

 

“Our terminal is open to all independent fuel players who need long-term storage and reliable access to the Philippine market. We want to help new entrants grow their operation and serve more areas,” Lemery Oil Terminal Vice President Joseph V. Rejuso said.

 

The new fuel storage facility also aims to help in reducing bottlenecks and logistics costs, particularly for smaller players that do not have their own oil depots.

 

By offering third-party access, Lemery Oil Terminal is seen to support broader competition in the downstream oil sector, which remains heavily concentrated.

 

The liquid bulk terminal forms part of the 7-hectare Sinisian Lemery Batangas Port & Industrial Park (SLBPIP), which inaugurated on August 1, 2025. Its location serves as an alternative to the more congested depots in Metro Manila and nearby ports. Fuel stored in the Lemery depot can be distributed to key markets across Luzon.

 

“With fuel prices remaining high and demand continuing to grow, we hope to play a key role in ensuring supply stability and expanding market access for a more diverse range of fuel providers,” Lemery Oil Terminal President Ferdinand Co said.

 

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