The Vitol Group opened its Seaport Canaveral Terminal on the east coast of Florida, US, on 29 April. The $130 million (100 million) terminal will have a storage capacity of just under 3 million barrels of refined products in 24 tanks.
Products to be stored include petrol, diesel, biodiesel, jet fuel, and fuel oil. It will also have transportation infrastructure for loading of barges, seagoing vessels and trucks. The terminal has two jetties and a maximum draft of 12 metres. It will also be linked to a pipeline to serve cruise ships at the Port of Canaveral.
The new Vitol terminal will inject an estimated $30 million annually into the region's economy as well as $5 million in additional yearly revenues for Port Canaveral. It will create as many as 300 new direct and in-direct jobs in transportation, shipping, maintenance and service, in addition to the permanent terminal team of 30.
The Seaport Canaveral Terminal gives Vitol a significant new capacity in its American operations, allowing us to source products from around the world and deliver petrol and other fuel products to the US market, Vitol president Mike Loya says. Just as importantly, the terminal brings more competition to the Florida market and increases energy security for the state by providing a new, dedicated supply of oil products.
Florida citizens until now have been primarily dependent on petrol and oil supplies from the Gulf Coast and from other domestic refineries, resulting from time to time in fuel shortages when disruptions such as inclement weather have kept barges from delivering oil products.
The Seaport Canaveral Terminal will help ensure a consistent supply for the region, and has been designed to meet the projected annual growth in demand in Central Florida.