Sign up
Log in Sign up
Tue 4 Aug 2009, 18:52 GMT

Vitol reaches tank storage 'milestone'


Global oil trader announces the completion of two 'key' projects in Buenos Aires and Amsterdam.

The Vitol Group announced today the completion of two key projects in its storage and terminals business, VTTI (Vitol Tank Terminals International).

At the Vitco terminal, near Buenos Aires, Argentina, eight new tanks have been added, providing an additional 54,000 cubic metres of capacity to the existing 126,000 cubic metres of storage.

Meanwhile, at the ETA Eurotank terminal in Amsterdam, Netherlands, four new tanks have been added, providing an additional 150,000 cubic metres of capacity to the existing 1,250,000 cubic metres of storage. Plans for a further 75,000 cubic metres of capacity are also in place, the company said in a statement.

Both projects were completed on budget and within a few weeks of estimated project closure dates.

“The completion of both the Amsterdam and the Vitco, Buenos Aires expansion projects are key milestones for VTTI and the Vitol Group and they provide additional capacity in key markets, for the benefit of all our customers“ said Rob Nijst [pictured], CEO of VTTI.

Monjasa Oil & Shipping Trainee (MOST) trainees. Monjasa opens applications for global trainee programme  

Marine fuel supplier seeks candidates for MOST scheme spanning offices from Singapore to New York.
Singapore's first fully electric harbour tug. Singapore's first fully electric tug completes commissioning ahead of April deployment  

PaxOcean and ABB’s 50-tonne bollard-pull vessel represents an early step in harbour craft electrification.
Fuel for thought: Hydrogen report cover. Lloyd's Register report examines hydrogen's potential and challenges for decarbonisation  

Classification society highlights fuel's promise alongside safety, infrastructure, and cost barriers limiting maritime adoption.
Bureau Veritas and Straits Bio-LNG sign MoU. BV Malaysia partners with Straits Bio-LNG on sustainable biomethane certification  

MoU aims to establish ISCC EU-certified biomethane production and liquefaction facility in strategic alliance.
Molgas Energy logo. Molgas becomes non-clearing member at European Energy Exchange  

Spanish energy company joins EEX as it expands European operations and strengthens shipper role.
Yiannis Diamandopoulos, Elinoil. Diamandopoulos appointed CEO of Elinoil as Aligizakis becomes chairman  

Greek marine lube supplier announces leadership changes following board meeting on 5 January.
Sustainable Marine Fuel Services webinar hosted by BV graphic. Bureau Veritas to host webinar on sustainable marine fuel transition challenges  

Classification society to address regulatory compliance, market trends, and investment strategies in February online event.
Inchcape Shipping Services logo. Inchcape to provide bunkering services from new Indonesian offices  

Port agency establishes presence in key bulk and tanker operation hubs handling 150 calls annually.
CPN launch of B100 marine biodiesel supply in Hong Kong graphic. Chimbusco Pan Nation launches B100 biodiesel supply in Hong Kong  

Bunker tanker Guo Si becomes Hong Kong's first Type II certified vessel for pure biodiesel operations.
Vox Apolonia vessel. Van Oord completes Dutch beach replenishment using 100% bio-LNG  

Dredger Vox Apolonia deposited 1 million cbm of sand at Noord-Beveland beach under Coastline Care programme.




 Recommended