Vitol Tank Terminals International (VTTI) officially opened the second phase of an expansion of the Euro Tank terminal in Rotterdam, Netherlands, at a ceremony May 28, 2009. This expansion was completed on time and within budget, with first product received at the end of 2008.
Eight new storage tanks have been added to receive gasoil and fuel oil, providing an additional 356,000 cubic meters of storage capacity alongside the existing 286,000 cubic meters of storage.
Plans are already well underway for the next phase of the expansion, with a further addition of 465,000 cubic meters planned for completion in 2011, bringing a total capacity of 1.1 million cubic meters.
VTTI is fully owned by the Vitol group. Key terminals include Euro Tank Amsterdam, Euro Tank Rotterdam, Fujairah Refinery Company, and Ventspils Nafta terminal in Latvia. More information can be found at www.vitol.com.