Apr 20 2010
Vopak Horizon Fujairah expands terminal storage capacity by 606,000 cubic meters
•
The Port of Fujairah is further developing from a regional
logistics hub into a global hub for oil products, leading
to
increasing international trade flows and growing
demand for storage, blending and transshipment services.
• Vopak Horizon Fujairah has decided to expand its
terminal in the United Arab Emirates by 606,000 cubic
meters to
meet market demand.
• The total storage
capacity will be more than 2.1 million cubic meters after
completion of the expansion in the first
quarter of
2012.
With the growing demand and development of a refining center in the Middle East region, the Port of Fujairah in the United Arab Emirates is further developing from a regional hub into a global logistics hub. This has resulted into increasing international trade flows that lead to a growing need for make-bulk and break-bulk services and blending.
To meet market demand, Vopak Horizon Fujairah has decided to expand its storage terminal for oil products in the Port of Fujairah by 606,000 cubic meters (cbm). The expansion reinforces Vopak Horizon Fujairah’s position as a bunkering center and trading hub in the region.
After completion of the expansion in the first quarter of 2012, the total storage capacity will be more than 2.1 million cbm. The expansion consists of 20 new tanks with sizes ranging from 20,000 cbm to 40,000 cbm for the storage of fuel oil and clean petroleum products.
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