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Melco and Petrolina sign deal Melco and Petrolina sign deal

Melco and Petrolina Sign Deal

A five-year contract was signed between ICR Cyprus, the joint venture of Melco and Cyprus Phassouri (Cyprus) Ltd, member of the CNS Group, and Petrolina (Holdings) Public Ltd, the largest Cypriot owned petroleum company, for the provision of Liquified Petroleum Gas (LPG) at the integrated casino-resort City of Dreams Mediterranean (ICR).

According to the agreement, Petrolina will provide and install the required equipment and provide LPG for five years, following the opening of the ICR in 2021. The LPG installation will support the boiler units and the kitchens of the ICR.

Being responsible and reliable to its guests, colleagues and stakeholders has always been central to Melco’s business philosophy.

To further enhance its commitment to sustainable development across its resorts around the world, Melco has launched a new Sustainability & Corporate Social Responsibility strategy called ‘Above & Beyond’, which focuses on achieving carbon-neutrality in its resorts with reduction targets across a range of emission sources, among other goals. City of Dreams Mediterranean will also follow Melco’s strategy, and will be built according to the highest sustainability standards.

The agreement was signed by Craig Ballantyne, property president of City of Dreams Mediterranean and Cyprus Casinos (C2) and Dinos Lefkaritis, chief executive director, Petrolina.