Vopak agrees Brazilian buy

15 June 2007 14:58  [Source: ICB]

Vopak has reached an agreement with oil storage and distribution company Puma Group to buy a newly built terminal in Suape, Brazil.

Financial details were not disclosed, but Vopak said both parties want to complete the deal by 1 August.

The terminal consists of 10 tanks with a total capacity of 83,000m³ (2.9m ft³), and stores ethanol and petroleum products. The facility can be expanded to just over 100,000m³ if needed.

Vopak said there are plans for a new refinery in Suape, which is in the fast-developing northeast region of Brazil, that will stimulate further development of the local chemical industry.

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly