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Orion Tank Farm Project Unveiled in Coega SEZ, Boosting Automotive Industry

Gqeberha, South Africa, 02 October 2024 – A landmark mission within the automotive trade was unveiled at this time because the MEC for Financial Improvement, Environmental Affairs and Tourism, Honourable Nonkqubela Pieters, formally launched the Orion Engineered Carbons (Orion) Tank Farm Undertaking in Zone 7 of the Coega Particular Financial Zone (SEZ).

The mission, which broke floor in April 2022, marks a big milestone within the area’s industrial growth. It underscores the profitable collaboration between Coega Improvement Company, the Division of Commerce, Business and Competitors, the Jap Cape Provincial Authorities, Transnet Nationwide Ports Authority, and Orion, guaranteeing the sustainability of jobs within the automotive and tyre manufacturing industries.

“This mission is not only about bricks and mortar; it’s about preserving jobs and fostering financial development,” mentioned Mr. Themba Koza, Coega’s Performing Chief Government Officer. “It’s a testomony to the ability of collaboration and the potential of the Coega SEZ to drive industrial growth.”

The Jap Cape, a key participant in South Africa’s automotive sector, has confronted challenges in current occasions. The announcement of potential layoffs at Mercedes-Benz highlighted the necessity for modern options to make sure the sector’s future viability.

“We’re dedicated to making a future-ready automotive sector,” mentioned MEC Pieters. “This mission is a tangible instance of our efforts to help the trade and safeguard jobs.”

The Orion Tank Farm, a state-of-the-art facility, will play an important function within the provide chain for the nation’s tyre trade. It allows the transportation and storage of black feedstock oil, a key ingredient within the manufacturing of carbon black.

“We’re proud to contribute to the expansion of the automotive sector in South Africa,” mentioned Mr. Corning Painter, Orion CEO. “This mission demonstrates our dedication to sustainable operations and our perception within the potential of the Coega SEZ.”

The mission has had a big socio-economic affect, creating over 200 jobs throughout development and supporting native companies. It additionally secured 120 jobs on the Orion plant, due to funding from the Division of Commerce, Business and Competitors.

The Orion Tank Farm is a strategic addition to the Coega SEZ, enhancing its attraction as an funding vacation spot. It affords important companies to current and future companies, solidifying the area’s place as a pacesetter in industrial growth.

By supporting the automotive and tyre manufacturing trade, the OEC Tank Farm contributes to the sustainability and competitiveness of South Africa’s automotive sector.

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