23 April 2013 17:37 [Source: ICIS news]
LONDON (ICIS)--Netherlands-based Vopak will expand its terminal in the port of Vlissingen with an additional 36,800 cubic metres (cbm), the liquid bulk tank storage service provider said on Tuesday.
Vopak said there is a growing interest and market commitment for additional pressurised storage capacity at its terminal in Vlissingen, which has a current storage capacity of 131,400 cbm.
The additional storage capacity is expected to be commissioned in the fourth quarter of 2014, the company said.
“With this expansion the terminal can continue to be the leading LPG [liquefied petroleum gas] and chemical gases hub of northwest Europe,” Vopak added.
The company said LPG supply is expected to grow through additional supply from oil and gas production and a ban on flaring, while chemical gas storage demand is being driven by production expansion in Europe and an expected global imbalance of certain chemical gases.
“The expansion will consist of six mounded bullet type tanks: Three of 7,650 cbm and three of 4,600 cbm with associated pipelines and racks to rail loading stations and jetty 1, with potential to further expand in later stages,” Vopak added.
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