Vopak builds products storage terminal in Port of Amsterdam

Eric Watkins
OGJ Oil Diplomacy Editor

LOS ANGELES, May 28 -- Koninklijke Vopak NV has decided to build and operate a storage terminal for more than 1.1 million cu m of oil products in the Port of Amsterdam.

The terminal, which will be used for the storage and blending of gasoline and other clean oil products, will meet the need for additional storage capacity for products in the Amsterdam-Rotterdam-Antwerp region.

Vopak said the proposed terminal underlines the Port of Amsterdam's position as a logistical hub for gasoline, easing product flows among Asia, Europe, and North America.

The terminal will have two jetties for seagoing vessels with maximum capacity of 120,000 dwt and eight berths for seagoing vessels, coasters, and inland barges with capacity up to 20,000 dwt.

Construction is to start as soon as possible on the first phase of 620,000 cu m, and the terminal is expected to be operational in stages in the second half of 2011.

Vopak awarded construction of the terminal to BAM Leidingen & Industrie BV, an operating company of Royal BAM Group NV.

Vopak and the Amsterdam Port Authority previously signed a lease contract for a 35-hectare site in the Africa harbor in Amsterdam-Westpoort, the western port area.

Earlier this month, PT Jakarta Tank Terminal (JTT), a joint venture between PT AKR Corporindo Tbk and Vopak, signed a $60 million financing agreement to finance the construction of the 250,000 cu m Vopak Terminal Jakarta, an independent petroleum storage terminal at Jakarta's Tanjung Priok port.

Financing was provided by the international banks Netherlands Development Finance Co., German Investment & Development Co., and ING Bank NV Singapore to fund construction of the first phase of the storage terminal, which will be operational in 2010.

JTT is a joint venture between PT AKR Corporindo Tbk 51%, Indonesia's leading bulk chemicals and largest private sector distributor for petroleum products, and Vopak Indonesia BV 49%.

Contact Eric Watkins at hippalus@yahoo.com.

Related Articles

Port Corpus Christi emerges as a growing transportation and storage hub for crude oil from Eagle Ford shale

04/16/2014 Port Corpus Christi has emerged as a coastal gateway for crude produced in the Eagle Ford shale, with roughly 16.4 million bbl of crude moving out ...

EIA: Ethanol spot prices rise on rail congestion, cold weather

04/14/2014 Spot prices for ethanol have increased steadily since early February, driven by logistical problems and harsh weather conditions, according to the ...

New York county puts freeze on Bakken crude

03/24/2014 Government officials in Albany County, NY, have issued a moratorium on Global Partners LP's plans to increase the processing of Bakken crude oil at...

HSC remains closed, fuel cleanup continues after barge collision

03/24/2014 The Houston Ship Channel (HSC) remained closed to unauthorized vessels Mar. 24 as the result of a temporary emergency safety zone being established...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected