Power Wheels Magazine A Notch Above
Chevron’s global headquarters has invested $3.1 million to upgrade its terminal in Lapu-Lapu City, Cebu, enhancing its capacity to receive import vessels and load domestic ships. This strategic investment has expanded the terminal’s storage capacity to 150,000 barrels—approximately 24 million liters—unlocking an estimated $1 million in annual value.
The Lapu-Lapu terminal recently welcomed its first import vessel, the MT CHANG HANG FEI YUE Voy No. 2518, carrying products from South Korea. Through meticulous planning and close collaboration with government agencies, Chevron’s on-ground team ensured the safe and successful reception, marking a significant milestone in opening the terminal to international fuel trade.
Situated in a highly urbanized and rapidly growing city, the Lapu-Lapu terminal serves as Chevron’s gateway to Central Visayas, supporting fuel supply to nearby cities and municipalities driven by manufacturing, transportation, and tourism growth. Its strategic location also presents new opportunities for retailers and business partners by providing a more reliable fuel supply.
This development comes nearly a year after Chevron Philippines Inc. (CPI) signed mutually beneficial lease agreements with Batangas Land Company, Inc. (BLC) for properties in key cities across the Philippines. In addition to the Lapu-Lapu terminal, CPI renewed leases in San Pascual, Batangas; San Fernando (Poro), La Union; and Sasa, Davao City. Chevron, which markets the Caltex brand of fuels and lubricants, also committed funding to enhance the energy infrastructure of these terminals, ensuring safe and efficient operations.
CPI General Manager and Country Chairman Pongtorn “Bon” Tangmanuswong emphasized, “Our investment in the Lapu-Lapu terminal demonstrates Chevron’s commitment to the Philippines. We aim to expand the capacity of our local terminals and move safer, high-quality Caltex fuels across the country. This aligns with our broader mission to ensure that every corner of the Philippines has access to reliable fuel and energy sources.”
For over a century, Chevron has built a reputation rooted in credibility and accessibility through its extensive network of over 600 service stations, terminals, and supply points. By investing in energy infrastructure, Chevron remains committed to providing high-quality, reliable fuel and energy services that are within reach for Filipinos nationwide.