The number of car on the road is increasing everyday and the demand for fuel will increase as well. Caltex is investing their money to open up more petrol station.Read the full news from Bernama below.
CALTEX TO INVEST RM40MILLION TO OPEN UP 11 NEW PETROL STATION BY YEAR END
KUALA LUMPUR, – Chevron Malaysia Limited, which operates the Caltex chain of petrol stations in the country, will invest RM40 million to open 11 petrok kiosks by year-end.
In announcing this Tuesday, Country Chairman for Malaysia and Cambodia, Jeremy Oh Beng Chuan said the new stations would be in addition to nine others which were opened in the last 9 months.
“The figure will fall in place with the annual target of 20 to 25 new Caltex stations we have set for each year.
“Each station will cost between RM2 million and RM4 million each, depending on land price which makes up a large percentage of the cost,” he said, adding that some of the stations would be built on prime land hence warranting higher investments while a similar station in a remote area may be cheaper to build.
The 11 stations are sprawled nationwide with the station in Kelantan, Terengganu and Penang is almost complete.
When asked whether the year-end target could be met, Oh said the stations were already under various stages of construction and would be ready for operation as scheduled.
Speaking to reporters after briefing members of the media on Caltex Diesel with Techron here today, Oh said all Caltex products launched after Sept 1, 2009 were in compliance with government policies.
Meanwhile, Chevron Malaysia’s Product Engineering Manager for Asia Pacific, Greg Engeler said Malaysia was the last country in Asia Pacific to launch the Techron D diesel which was proven to be a cleaner fuel.
In a related development, he said the maximum sulphur content for Caltex products has been reduced from 0.3 per cent to 0.05 per cent.
“Although you cannot view the particles with the naked eye, its impact on global emission is huge,” he added.