Vopak to Begin Panama Terminal Expansion in December

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Researched by Industrial Info Resources Latin America (Cordoba, Argentina)--Royal Vopak N.V.'s (Rotterdam, Netherlands) Panama subsidiary, Vopak Panama Atlantic Incorporated (Colon, Panama), will start a project in December to expand the refined products terminal in Bahia Las Minas, in the city of Colon. The project includes the construction of an oil jetty, with four berths on the port that belong to the terminal.

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As part of the expansion, 13 existing tanks will be demolished, and 23 new tanks will be built to add 360,000 cubic meters of storage capacity. When the project is completed, the terminal will have a total storage capacity of 830,000 cubic meters. The expansion was scheduled to begin in June, but delays on government approvals caused the company to postpone the construction.

At the end of September, Vopak plans to announce the firm that will carry out the project. The expansion is expected to be completed by the end of 2016.

Vopak also plans a second expansion phase, including the addition of 10 new tanks, and an increase in storage capacity to 1.15 million cubic meters.

Vopak built the Colon terminal in 2011.

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