|
|
Vopak to build tank terminal in Darwin, AustraliaRotterdam, The Netherlands, February 16, 2004
Vopak announces that it has reached agreement with the major suppliers of oil products in the Northern Territory, Australia and with the Territory Government to build a joint industry oil products terminal. Vopak will invest AUS$ 55 million (EUR 33 million) in the 113,000 cbm facility which will be located at the new East Arm Port of Darwin. The terminal will become operational in August 2005 at which time the oil companies will vacate their present facilities. The new Vopak terminal and the closure of the old terminals will allow the Darwin government to proceed with the redevelopment of the old port area. The oil majors have entered into long term agreements with Vopak for the use of the terminal to secure supply to their markets. This development whereby the major oil companies have jointly entered into an agreement to outsource their storage demands to an independent service company is the first in its kind in Australia. The new Vopak terminal will redeliver mainly via tank trucks but also has rail siding. This enables the delivery to the mining industry in the northern region and via the new north-south rail infrastructure to the southern states. Profile The company is divided globally into five market regions and operates a network of 71 tank terminals with a combined storage capacity of approximately 19.9 million m3 in 29 countries. |
|
||||||||
