September 11, 2013 [BN Americas] - Cattalini Terminais Marítimos terminal in southern Brazil's Paranaguá port, Paraná state, is planning 450mn reais (US$196mn) in investments to boost its liquid bulk storage capacity by 80%.
With support through national development bank BNDES and private bank financing, plans involve installing a fourth group of tanks meant to store commodities such as methanol and gasoline.
By 2017, the overall terminal area will be increased to 680m3 from 380m3, local financial daily Valor Econômico reported.
First stage works, budgeted at 240mn reais, entails installing 140,000m3 of tanks. As its executive project is already done, construction should start shortly and completion is expected by 2015. Second stage works involve installing another 160,000m3 of tanks.
The company’s strategy also entails “participating in upcoming port terminal projects and concessions throughout the north, south and southeast of the country, with special focus on Santos Port [São Paulo state],” company president José Paulo Fernandes was quoted as saying in the report.
Cattalini’s current liquid bulk storage capacity represents 54% of the port’s total, while its handling represents 34%.
Other major terminals at the port include Petrobras’ logistics arm Transpetro, Dutch chemical products company Vopak, Brazil’s CPA Trading and a public port.
