Americas News
Vopak Announces Storage Terminal Expansion at Port of Santos
Royal Vopak N.V. (Vopak) today announced that it will expand its wholly-owned terminal in Alemoa, at Brazil's Port of Santos, adding 16 new tanks with a capacity of 61,000 cubic metres (cbm).
"The new capacity will primarily be used for ethanol exports and the imports of fuels like diesel and gasoline," explained Vopak.
"The investment will strengthen Vopak's position as an independent import and export location for fuels."
The expansion, which is expected to be commissioned in 2019's Q1, will boost the total capacity of the terminal to 235,000 cbm.
The project will also add five additional truck loading bays, designed to handle up to 130 additional trucks per day.
In July, Vopak said it had obtained the major regulatory approvals for the development of a first phase 360,000 cbm independent oil terminal, which would be owned by Vopak in Bahia las Minas, Panama - an operation expected to serve a growing bunkering demand in the region.
