Vitol Tank Terminals International Expansion Adds Terminal Capacity to Global Physical Oil Trading Company.
At an opening ceremony on May 28th, the second phase of the expansion of the Euro Tank terminal in Rotterdam was officially opened. The expansion was completed on time and within budget, with first product received at the end of 2008.
8 new storage tanks have been added, to receive gasoil and fuel oil, providing an additional 356.000 m3 of storage capacity, alongside the existing 286.000 m3 of storage.
Plans are already well under way for the next phase of the expansion, with a further addition of 465.000 m3 planned for completion in 2011, bringing a total capacity of 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.”