Portuguese biofuel producer PRIO has inaugurated an €11 million expansion of its liquid bulk terminal in Aveiro, Portugal.
The expansion work took the gasoline storage capacity at the facility from 10,000 m3 to 26,000 m3, the equivalent of around 26 million L, and increased the diesel storage capacity by 4,000 m3. The first delivery of 14 million L of gasoline and 3.5 million L of heating diesel arrived in a ship from Antwerp, Belgium.
PRIO, which is the largest biofuel producer in Portugal, and the third largest European producer of biodiesel from waste raw materials, says that the additional capacity will allow it to work with more sustainable products and fuel blends which incorporate a greater proportion of advanced biofuels. It adds that the expansion will allow it to better serve its customers and the distribution network.
‘This expansion is the logical continuation of the sustained growth that PRIO has shown in recent years. Our goal is to offer innovative, sustainable and quality products at a competitive price and with this expansion we take another step towards that goal, also allowing us to increase our product portfolio. We have very clear growth objectives and the realisation of this investment was essential to achieve them,’ says Emanuel Proença, director of PRIO.