MOSCOW (MRC) -- Royal Vopak has announced the opening of a new Vopak industrial terminal on the US Gulf Coast, said Hydrocarbonengineering.
The new terminal has been designed and built by Vopak to serve Gulf Coast Growth Ventures, a joint venture by ExxonMobil and SABIC to build and operate a world-scale plastics manufacturing facility in San Patricio County, Texas, US. The terminal is 100% owned and operated by Vopak.
The total capacity is 144 000 m3 tankage and includes pipelines connecting the terminal to the petrochemical complex.
“We are very excited to have successfully and timely delivered this new industrial terminal to support GCGV in the US. This new terminal fits well into our growth strategy for industrial terminals,” said Eelco Hoekstra, Chairman of the Executive Board and CEO of Royal Vopak.
“We are proud of our expertise and long track record of storing vital products. We have high standards on safety and environmental care and we are looking forward to being part of the Coastal Bend community."
This terminal is covered with a 20-year commercial agreement.
As per MRC, Huizhou QuanMei Petrochemical Terminal Co. has awarded a contract to Vopak for storage and services of a liquid products terminal that would be constructed and operated as part of ExxonMobil?s proposed Huizhou chemical complex project in China. The complex, to be located in Daya Bay Petrochemical Park, will include a 1.6-million-t/y flexible feed ethylene steam cracker, two performance polyethylene (PE) lines and two differentiated performance polypropylene (PP) lines. The project was earlier scheduled to start up in 2023.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,396,960 tonnes in January-July 2021, up by 7% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 841,990 tonnes in the first seven months of 2021, up by 29% year on year. Supply of propylene homopolymers (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of statistical copolymers of propylene (PP random copolymers) subsided.
MRC