The Netherlands-headed independent tank storage company Royal Vopak N.V. (Vopak) has announced the opening of a new Vopak industrial terminal on the US Gulf Coast.
The new terminal has been designed and built by Vopak to serve Gulf Coast Growth Ventures (GCGV), a joint venture by ExxonMobil Corporation (ExxonMobil) and Saudi Basic Industries Corporation (SABIC) to build and operate a world-scale plastics manufacturing facility in San Patricio County, Texas (TX).
The terminal is 100 percent owned and operated by Vopak. The total capacity is 144 000 m3 tankage and includes pipelines connecting the terminal to the petrochemical complex. The terminal is covered with a twenty-year commercial agreement.
We are very excited to have successfully and timely delivered this new industrial terminal to support GCGV in the US. This new terminal fits well into our growth strategy for industrial terminals. We are proud of our expertise and long track record of storing vital products. We have high standards on safety and environmental care and we are looking forward to being part of the Coastal Bend community, said Eelco Hoekstra, Chairman of the Executive Board and CEO of Royal Vopak.
