NEW BUSINESS MODEL: Shell builds 3rd terminal

NEW BUSINESS MODEL: Shell builds 3rd terminal

Pilipinas Shell Petroleum Corp. (PSPC) launched last week a new import terminal in Subic as part of its new business model following its decision to cease refining operations in Batangas. The company said in a statement the facility can store 54 million liters of finished products in one shipment and will maximize efficiency and minimize its transshipment costs.