Verwater Group, a Dutch construction company, is to build 10 million barrels of multipurpose storage at an oil terminal in St James Parish, Louisiana, US.
The storage will be owned by Petroplex International, a petroleum development company, and Verwater will use new construction methods that have never before been used in the US.
The storage tanks will be built horizontally into the soft soil of Mississippi and will have cheaper maintenance although at the same time will enable the tanks’ economic lifetime to be extended, Verwater says.
All the tanks will be hurricane proof and the first building phase will create 4 million barrels worth of straoge.
Petroplex International managing partner, Larry Sciacchetano, says he is very happy he and Paul Verwater can introduce a new standard of the construction of liquid bulk storage tanks in the US.