Vopak acquires South American terminals

Koninklijke Vopak NV, Rotterdam, The Netherlands, has reached an agreement with HCI/Brenntag on the acquisition of the latter’s terminal interests in Venezuela (Puerto Cabello), Colombia (Barranquilla and Cartagena), and HCI/Brenntag’s 50 percent participation in Sipressa with a terminal in Guayaquil, Ecuador. The terminals are mainly used for the storage and handling of raw materials from the US Gulf Coast. The total capacity is 141,000 million cubic meters (1.82 million barrels) of liquid storage, and also includes dry bulk storage capacity. Vopak has agreed on a long term storage contract with the HCI distribution companies in Latin America for a substantial part of the total capacity.