Vitol Tank Terminals International (VTTI), the storage arm of the Rotterdam-based fuel trader The Vitol Group, has added a total of 200,000 m3 capacity at two terminals.
The Vitco Terminal near Buenos Aires, Argentina, has received eight new tanks, taking the total capacity from 126,000m3 to 180,000m3. Vitco is VTTIs only terminal in South America and supplies a full range of oil products to all parts of the continent.
VTTI has also added four new tanks to ETA Eurotank, its fuel storage and blending facility in Amsterdam, the Netherlands, increasing the 1,250,000m3 capacity to 1,400,000m3. The terminal principally supplies petrol and gas oil to the US and Nigeria.
Both projects were completed on time and within weeks of the projected completion dates.
The completion of the expansion projects is a key milestone for VTTI and the Vitol Group and the terminals provide additional capacity in key markets for the benefit of all our customers, says Vitol CEO Rob Nijst.
Future plans for VTTI include the construction of a third terminal at Rotterdam, the Netherlands as well as new terminals in Malaysia and the US state of Florida. It will also have a 50% stake in a proposed LNG facility in Port Lagos, Nigeria.