Vopak expands in the Port of Santos, Brazil
Royal Vopak will expand its wholly owned terminal in Alemoa, which is located in Brazil’s Port of Santos, Latin America’s largest port, the company announced.
The expansion will add 16 new tanks with a capacity of 61,000 cubic metres (cbm) to Vopak’s Alemoa Terminal. The total capacity of the terminal after the expansion will be 235,000 cbm.
In addition, five additional truck-loading bays will be constructed that are designed to handle up to 130 additional trucks per day.
The investment is supported by long-term customer contracts, Vopak said.
The new capacity will primarily be used for ethanol exports and the imports of fuels like diesel fuel and gasoline. The investment will strengthen Vopak’s position as an independent import and export location for fuels in Brazil.
The expansion is expected to be commissioned by the first quarter of 2019.
Royal Vopak is the world’s leading independent tank storage company. It operates a global network of terminals located at strategic locations along major trade routes. As of 19 April 2017, Vopak operates 67 terminals in 25 countries with a combined storage capacity of 35.7 million cbm, with another 2.8 million cbm under development, to be added before the end of 2019.
Vopak is listed on the Euronext Amsterdam stock exchange and is headquartered in Rotterdam, the Netherlands.