June 24, 2026 [Storage Terminals Magazine]- Tepsa has reached a final investment decision (FID) for the development of Tank Pit 10 (TP10) at its Tarragona terminal, marking another milestone in the continued expansion of one of the company’s fastest-growing storage facilities.

The project represents a significant investment in the Tarragona terminal, which has grown substantially since operations began in 1986. Storage capacity at the site has increased from 25,000 cubic metres to approximately 150,000 cubic metres, including the planned TP10 expansion, reflecting Tepsa’s long-term commitment to the region and its strategic importance within the Mediterranean chemicals market.

Tank Pit 10 will add eight new storage tanks and provide an additional 21,296 cubic metres of capacity, supporting the growing requirements of both specialty and commodity chemical customers. The expansion is also expected to create new opportunities for business growth while enhancing the terminal’s ability to serve evolving market demands.

The project involves a capital investment of €18.3 million, with completion currently targeted for July 2028.

Located within one of the Mediterranean’s most important chemical hubs, the Tarragona terminal continues to benefit from strong industrial activity and ongoing investment in the region. Tepsa said the TP10 development aligns with its strategy of growing alongside its customers while supporting the continued expansion of Spain’s leading chemical cluster.

Once completed, the new tank pit will further strengthen the terminal’s position as a key logistics and storage hub for the chemical industry, reinforcing Tepsa’s presence in the strategically important Tarragona market.