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Vitol Tank Terminals International has announced that the second phase of the expansion of the Euro Tank Terminal [pictured] in Rotterdam has been completed and tanks for the storage of fuel oil and gasoil have now come onstream.

A total of 8 new storage tanks have been added, and will be able to receive both gasoil and fuel oil, providing an additional 356.000 cubic metres(m3) of storage capacity, alongside the existing 286.000 m3 of storage.

Vitol said plans are already well underway for the next phase of the expansion, with a further 465.000 m3 planned for completion in 2011, bringing the total capacity to 1.1 million m3.

At the ceremony, Rob Nijst, CEO of Vitol Tank Terminals International BV (VTTI) said: “Today is a really important day, not just for the Euro Tank Terminal, Rotterdam but for all of VTTI and the Vitol Group. We have created a world class terminal in a key strategic location and I congratulate the team on completing the project on time and within budget.

"We now have 4 million cubes of storage at a number of key locations around the world and ambitious development plans in place. VTTI is becoming a significant player in the terminal business and Rotterdam is a key part of these plans.”

VTTI is fully owned by the Vitol group. Key terminals include Euro Tank Amsterdam, Euro Tank Rotterdam, Fujairah Refinery Company and Ventspils Nafta terminal in Latvia.