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Jan 1, 2007 12:00 PM

Kaneb Terminals BV, a subsidiary of Valero LP, signed a contract recently with BV Aannemingsbedrijf H Verwater & Zonen for the construction of 264,000 cubic meters of petroleum storage at its Amsterdam, Netherlands terminal.

Construction of the additional petroleum storage, suitable for gasoline and distillate, is expected to begin in January 2007, and the final phase of this project is expected to be completed by the end of 2007. The terminal currently operates 158,000 cubic meters for fuel oil, gas oil, and bunker blending. After this expansion, the terminal will have a capacity of 424,000 cubic meters.

There also are plans to construct another 44,000 cubic meters for clean products and 142,000 cubic meters for fuel oil, resulting in a total terminal capacity of 610,000 cubic meters.

A new marine dock and two barge berths are also expected to be constructed, giving the facility a total of two marine berths and five barge berths. The new marine dock will be able to accept 80,000 deadweight tons (dwt) ships, the maximum capacity the Port of Amsterdam can handle. One of the barge berths will be able to take mega-barges up to 10,000 dwt.