Zenith Energy and Cargill have entered into an agreement for the storage and handling of palm oil in Zenith's Palermo Tanks Terminal in Colombia.
As part of this agreement, Zenith will build 19,000 m3 of storage capacity in four dedicated tanks for Cargill's palm oil operation. Construction work started on February 1. The project comprises a new dyke, tanks with heating systems, a dedicated dock line, dedicated truck loading and unloading positions with capabilities to import and export products.
Jeff Armstrong, president and CEO of Zenith, says: 'We are pleased to form this agreement with Cargill, one of the leading global producers and traders of agricultural products.
'Colombia remains an important and fast growing producer of sustainable palm oil worldwide, and this agreement is an important step forward for our Palermo Tanks facility in Barranquilla. We are excited to work with Cargill and look forward to advancing our partnership in the region.'
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