Vopak signs 15 year ethane storage and handling agreement with Thai Tank Terminal and PTT Global Chemical

Vopak has reached a positive final investment decision in expanding its global industrial terminal footprint by constructing 160,000 cubic metres tank infrastructure in Map Ta Phut, Rayong, to support the import of U.S. ethane into Thailand. Vopak’s joint venture entity Thai Tank Terminal signed a landmark 15-year contract with PTT Global Chemical Public Company Limited (GC), a leading global chemicals company, for the storage and handling of ethane in Thailand.

Under this agreement, Thai Tank Terminal will construct a new 160,000 cubic metres tank infrastructure backed by a long term contract and is expected to be completed in 2029.
This ethane infrastructure is strategically important. Ethane will serve as a long term feedstock supply for petrochemical crackers, enhancing cost competitiveness, feedstock security and reinforcing Thailand’s leadership position in the global chemical industry.

As part of Vopak’s investment strategy in Thailand, Vopak plans to allocate approximately EUR 130 million over the next four years related to storage and other infrastructure in the Map Ta Phut region. These investments are not related to any specific project and are expected to provide accretive operating cash return upon commissioning.

Ethane has a lower carbon footprint compared to conventional feedstocks like naphtha, aligning with GC’s commitment to sustainable and responsible operations.

Sponsor:

News Category:

Contracts

Other News Items

MAIRE announces major contract wins

MAIRE announces that its subsidiaries TECNIMONT and KT-Kinetics Technology, also thanks to the technological and engineering services provided by NEXTCHEM, have been ...

29-04-2025
Borouge to boost production capacity

Borouge Plc, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, has today announced a series of strategic asset expansion ...

28-04-2025
Wanhua Chemical signs JV agreement with Petrochemical Industries Company

On April 25, Wanhua Chemical formally signed a joint venture agreement with Petrochemical Industries Company. Under the terms of the agreement, PIC invested USD ...

27-04-2025
TotalEnergies to cease operating its oldest steam cracker in Antwerp

TotalEnergies’ Antwerp platform provides an update on its investments for the future and announces plan to reconfigure its petrochemicals operations to strengthen competitiveness. ...

23-04-2025
HOERBIGER to break ground on new Florida Campus in Florida

HOERBIGER Corporation of America will hold a ceremony to commemorate the groundbreaking of its future home, the HOERBIGER Florida Campus, on Wednesday, April 23rd. Construction ...

22-04-2025
Amogy and JGC to accelerate commercialisation of ammonia cracking catalyst

Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, today announced the first pilot plant deployment of its advanced ammonia cracking catalyst ...

17-04-2025
Clariant teams up with Technip to introduce new steam-to-oil catalyst

Clariant, a global leader in specialty chemicals, today announced the launch of StyroMax UL-100, its most advanced ethylbenzene dehydrogenation catalyst to date. This ...

09-04-2025
Yokogawa Launches OpreX Plant Stewardship

Yokogawa Electric Corporation announces the launch today of OpreXTM Plant Stewardship, the most comprehensive lifecycle service program in the company’s OpreX Sustainable ...

08-04-2025
IndianOil to build mega petrochemical project in Paradip

In a landmark development, Indian Oil Corporation Ltd. (IndianOil) signed a Memorandum of Understanding (MoU) with the Government of Odisha to set up a world-class Petrochemical ...

08-04-2025
BDI BioEnergy to begin construction of biofuel feedstock refinery plant

BDI-BioEnergy International has signed a contract with Ghent Renewables BV to begin the construction of a pioneering biofuel feedstock refinery plant. This facility will ...

04-04-2025