GPS has officially opened its expanded gasoline, gasoline components and biofuels storage and blending terminal in the Port of Amsterdam.
The company has expanded its class 1 certified storage capacity from 148,500 m3 to 282,500 m3 across 17 tanks as part of an international GPS programme of key asset developments and acquisitions. The expansion marks the latest development in this international strategy and follows major 'buy and build' investments at GPS' greenfield projects in the UAE and Malaysia.
The new tanks will create a larger and more bespoke terminal facility offering increased capability and a high degree of flexibility. The expansion also markets the latest achievement in GPS' strategic partnership with Varo Energy and the Port of Amsterdam. In addition to gasoline, gasoline components and biofuels, the terminal can also handle other commodities to allow the company to meet a growing consumer demand for greater flexibility.
As part of the expansion, GPS will also develop a rail handling facility to equip its site with a cost effective and sustainable alternative to road and river transport for a range of its energy and chemical commodities.
Eric Arnold, CEO at GPS, says: 'The opening of this facility is an important milestone for GPS. The investment in increased capacity and flexibility which are now built into the Amsterdam terminal reinforces GPS' commitment to providing customers with world-class assets, while pursuing our global expansion plans.
'We are excited by the possibilities of our expanded site and are committed to additional investments here in Amsterdam that will ensure both GPS and our customers are well positioned to capture future opportunities.'
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