Dutch Vopak awarded contract for industrial terminal in China

Nurluqman Suratman

22-Jun-2021

SINGAPORE (ICIS)–Vopak has been awarded by Huizhou QuanMei Petrochemical Terminal Co a contract for storage and services of a liquid products terminal in China, the Dutch tank storage firm said on Tuesday.

The planned terminal would be constructed and operated as part of ExxonMobil’s proposed Huizhou chemical complex project, it said in a statment.

The greenfield industrial terminal is located in Guangdong province in the southern part of China, approximately 100 kilometers from Hong Kong.

The terminal will serve a world-scale flexible feed steam cracker project to be built and operated by ExxonMobil (Huizhou) Chemical Co (EMHCC).

The project, which remains subject to final investment decision, is situated in Dayawan Petrochemical Industrial Park.

Vopak will have a 30% stake in the 560,000 cubic meter terminal, including the pipelines to connect the terminal to the jetty and EMHCC plant. Vopak will also provide services for the terminal and jetty through a separate wholly-owned Vopak entity.

The contract award is subject to customary conditions, including closing of the transaction and obtaining regulatory approvals, whereby Vopak obtains an ownership interest in the terminal.

Financial details of the contract were not disclosed.

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