06-03-2025
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.
News Category:
-
Maximizing Performance in Oil & Gas with Real-Time Analytics
(Webinar) - In an industry shaped by fluctuating market conditions and tight operational margins, oil & gas producers are increasingly relying on data-driven strategies ...
11-06-2025
-
Unlocking the potential of waste for advanced conversion pathways
(Webinar) - This session offers a detailed exploration of HTW® gasification technology, a proven solution for converting diverse feedstocks into clean syngas, which ...
05-06-2025
-
hte and Heraeus Precious Metals collaborate on catalytic ammonia cracking
hte and precious metals specialist Heraeus Precious Metals signed a R&D service agreement. The main focus of this collaboration is the screening of different materials ...
20-05-2025
-
EDL Anlagenbau and Nuberg EPC collaboration to drive sustainable solutions
Nuberg EPC, headquartered in Delhi NCR, India, an engineering and industrial conglomerate and EDL Anlagenbau Gesellschaft mbH, based in Leipzig, Germany, one of the leading ...
20-05-2025
-
hte strengthens cooperation with Mitsubishi Chemical
hte – the high throughput experimentation company signed a contract with Mitsubishi Chemical to provide research services for the screening of MMA oxidation catalysts. ...
16-05-2025
-
ADNOC deepens energy partnerships with US Energy companies
ADNOC today announced multiple agreements with United States energy majors during the United Arab Emirates business dialogue with US President Donald J. Trump. The agreements ...
16-05-2025
-
VTTI moves to next phase for project Amplifhy following strong market interest
VTTI, a global leader in energy storage and infrastructure, is pleased to announce that following a strong market response to its request for expressions of interest, ...
15-05-2025
-
ABB selected as main automation contractor for one of the first industrial CCS clusters in the UK
ABB has been selected by integrated global energy company Eni as the main automation contractor for HyNet, one of the UK’s first industrial decarbonisation clusters ...
14-05-2025
-
Univation Technologies announces the next-generation of the UNIPOL™ PE process platform
Univation Technologies, LLC announces the next-generation of the UNIPOL™ PE Process platform with its newest world-scale licensed capacity offering of an 800,000 tonnes ...
12-05-2025
-
thyssenkrupp Uhde successfully commissions EnviNOx® emission reduction system
thyssenkrupp Uhde is proud to announce the successful commissioning of its EnviNOx® system for Covestro Polymers (China) Co. Ltd. at their nitric acid plant in Shanghai ...
12-05-2025