EMEA News
Vopak Gets Approval for Algeciras Expansion
Spanish regulators have agreed to let Royal Vopak NV (Vopak) triple the capacity of its liquid storage terminal in Algeciras, Bloomberg reports.
The project, which the Rotterdam-based company has not finalised, could add 881,000 cubic metres of storage and 36 new tanks for storage of bunker fuel, gasoline, diesel, naphtha, or other products.
"It's still in a feasibility phase," said Hans de Willigen, Vopak's global director of communications and investor relations.
Vopak owns 80 percent of the terminal, which is in Spain next to Gibraltar.
A previous Spanish government resolution required the company to take action to protect the environment around the site.
Vopak recently announced the expansion of a Fujairah terminal that it operates in a joint venture with Middle Eastern players.
