MOL Group Ventures into Singapore’s Cold Chain Logistics with Ambitious Frozen Warehouse Project
In a strategic move to expand its foothold in the burgeoning cold chain logistics sector, Mitsui O.S.K. Lines, Ltd. (MOL) has announced its participation in a groundbreaking frozen and refrigerated warehouse development project in Jurong, Western Singapore. The project, a joint venture with Kajima Development Pte. Ltd., is poised to redefine the landscape of temperature-controlled storage and distribution in the region.
A Monumental Endeavor
Spanning over 500,000 square feet and towering over 100 meters tall, the cutting-edge logistics hub is set to be a hallmark of innovation in the industry. Featuring five floors of ambient, chilled, and frozen warehouse space, its centerpiece is a towering 45-meter-high automatic storage and retrieval system (ASRS), earning it the moniker of the “Tallest Industrial Refrigerator in Asia” (“TIARA”).
Property Outline
| Location | 8 Jalan Besut Singapore 619562 |
| Structure | 5 stories (height: 110 m) |
| Site area/total floor area | 19,000m2 / 47,495m2 |
| Operating temperature range | Room temperature/constant temperature (24℃) refrigerated (4℃ to 7℃)/frozen (-25℃ to -27℃) |
| Features | ･Storage capacity of 80,000 pallets ･Advanced logistics operations Large-scale refrigerated automated warehouse, fully equipped with sorting and material handling equipment ･Sustainable energy utilization Up to 5,500 m2 of photovoltaic panels installed to reduce CO2 emissions. |
| Completion of construction | December 31, 2025 |
Strategically positioned in close proximity to the Jurong Fishery Port, the hub is designed for seamless integration with neighboring food manufacturing facilities. With 130 loading bays and convenient access to port facilities and major highways, it promises to streamline cargo collection and delivery operations, enhancing efficiency and reducing transit times.
Eco-Friendly Design for Sustainability
In line with Singapore’s commitment to sustainability, the hub incorporates energy-efficient cooling equipment and rooftop solar panels, aimed at minimizing its carbon footprint. This eco-friendly design underscores MOL’s dedication to environmental stewardship and aligns with global efforts to combat climate change.
A Tripartite Partnership for Success
The project, initially launched as a joint venture between Kajima Development Pte. Ltd. and Commonwealth Capital, has gained further momentum with MOL’s investment. Commonwealth Kokubu Logistics, a leading food logistics provider in Singapore and a joint venture between Commonwealth Capital and Kokubu Group Corporation, stands as the anchor tenant, heralding a new era of collaboration and synergies in the industry.
“We welcome the new tripartite partnership brought about by MOL’s investment,” remarked Mr. Andrew Kwan, the Group Managing Director of Commonwealth Capital. “We are excited about the new opportunities and synergies between Commonwealth Kokubu Logistics and the shipping giant.”
The MOL Group currently operates frozen and refrigerated warehouse businesses at two locations in Japan (Kawasaki City, Kanagawa Prefecture, and Osaka City, Osaka Prefecture) and one overseas location (Thailand), and taking this business investment as an opportunity, the group aims to expand its investment in the frozen and refrigerated warehouse business, especially in Asia and other regions where demand is expected to increase due to future economic development and population growth.
Source: https://www.mol.co.jp/en/pr/2024/24062.html
