Royal Vopak has been selected by Gulf Coast Growth Ventures (GCGV), the petrochemical joint venture between ExxonMobil and SABIC, to design, build, own and operate a new industrial terminal in Texas, US.
The terminal is expected to serve the 1.8 million tonnes per year ethane cracker planned by the joint venture company, which will be the largest steam cracker in the world when complete. All liquid products moved by marine vessels will be handled by the new Vopak terminal.
The total capacity of the terminal will be approximately 130,000 cubic metres of tankage, and will include pipelines connecting the terminal to the cracker complex.
“We’re very excited to support GCGV with this major industrial development in the US,” commented Eelco Hoekstra, chairman of the executive board and CEO of Royal Vopak. “This new terminal fits well into our growth strategy for industrial terminals. We’re proud of our expertise and long track record of storing vital products. We have high standards on safety and environmental care and we're looking forward to becoming part of the Corpus Christi community.”
Start-up of the facility is expected by 2022. The investment in the project is covered by a long-term agreement and is aligned with Vopak’s strategy to focus on industrial terminals and to serve the chemical industry.
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