EMEA News
VTTI Rotterdam Terminal Expansion to Support Bunker Blending Needs Post-2020
International energy storage firm VTTI B.V. (VTTI) has announced that it is expanding its 1,118,000 m³ capacity Euro Tank Terminal B.V. (ETT) in Rotterdam by a further 174,000 m³ - a move said to be partly intended to accommodate increased demand for bunker blending expected in 2020 upon the implementation of a 0.50 percent global sulfur cap on marine fuel.
As Tank Storage Magazine reports, Jared Pearl, VTTI's chief commercial officer, says the expansion effort will provide flexible product storage that will also support increasing diesel imports into Amsterdam-Rotterdam-Antwerp (ARA) region.
Pearl confirmed that the expansion would support future marine fuel blending needs brought on by the 0.50 percent global sulfur cap on bunkers from 2020.
Earlier this month, VTTI announced the completion of the acquisition by Buckeye Partners, L.P. (Buckeye) of a 50 percent share of VTTI BV, VTTI Energy Partners LP for $1.15 billion.
