Vopak to serve multi-billion dollar manufacturing facility in Texas
100% owned and operated Vopak investment of new industrial terminal in Corpus Christi
22 November 2019
Today, Royal Vopak announced it has been selected by Gulf Coast Growth Ventures (GCGV), the petrochemical joint-venture between ExxonMobil and SABIC, to design, build, own and operate a new industrial terminal on the U.S. Gulf Coast.
The terminal will be dedicated to serving the planned 1.8 million tonnes per year ethane cracker. All liquid products moved by marine vessels will be handled by the new Vopak terminal. The total capacity will be around 130.000 cbm tankage and will include pipelines connecting the terminal to the cracker complex.
“We’re very excited to support GCGV with this major industrial development in the U.S. 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’re proud of our expertise and long track record of storing vital products. We have high standards on safety and environmental care and we're looking forward to becoming part of the Corpus Christi community.”
Vopak's industrial terminal and associated infrastructure are expected to be operational consistent with a planned start-up by 2022. The investment is covered with a long-term agreement and is aligned with Vopak's strategy to focus on industrial terminals and to service the chemical industry.
Royal Vopak is the world’s leading independent tank storage company. We store vital products with care. With over 400 years of history and a focus on sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers. By doing so, we enable the delivery of products that are vital to our economy and daily lives, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. We are determined to develop key infrastructure solutions for the world’s changing energy systems, while simultaneously investing in digitalization and innovation. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit vopak.com
About Gulf Coast Growth Ventures
Gulf Coast Growth Ventures (GCGV) is a chemical manufacturing joint venture between ExxonMobil and SABIC in San Patricio County, Texas. GCGV is a unique opportunity created by the abundance of domestic shale gas resources. ExxonMobil and SABIC bring unmatched expertise to this project, having worked together in petrochemical ventures for more than 35 years. Visit www.gulfcoastgv.com for more information.
Vopak press release