According to the Energy Chamber of Trinidad and Tobago, the major upstream operators have indicated that US$10 billion will be spent in Trinidad and Tobago in the next five years; PLIPDECO is well aware of the implications for investment and operations on the Industrial Estate.
In cargo handling, meanwhile, the ever-growing complexity of global supply chains offer both challenges and opportunities. Point Lisas already serves as a transhipment hub for the Caribbean and there is huge potential to serve more of Latin America in the same way.
PLIPDECO is investing in new warehousing space, specifically targeted at the various sectors on the Industrial Estate, the local retail sector, as well as the flow of cargo from the Far East, with opportunities to ‘add value’ through relabelling, reassembly and repacking of cargoes ready for onward shipping to other countries in the region.
Digitalisation is taking centre stage across the global and shipping sector, and PLIPDECO continues to make significant advances through the development of its own software and implementation of technology designed to smooth the flow of cargo and deliver seamless supply chains.
Demand is high, for industrial estate sites, for cargo handling and for warehousing, and expansion is clearly on the agenda. However, one essential fact remains; every single part of PLIPDECO’s operations and activities is underpinned by a total commitment to safety, security and protection of the environment.
It’s a commitment that goes far beyond PLIPDECO’s own operations; a highly focused environmental management and monitoring programme ensures that all of its tenants adhere to strict guidelines, to ensure the safety of everyone involved and to reinforce environmental requirements that are constantly benchmarked, analysed and updated to ensure they are fit for purpose.