April 30, 2012 [El Correo] - Corporación Logística de Hidrocarburos (CLH) will invest €15 million to increase the storage capacity of petroleum products at its tank terminal in Punta Sollana, Bilbao.
This project at CLH Santurce, Bilbao, along with a second one that will take place at CLH Barcelona, are part of this year’s expansion plans, of which CLH’s president, Mr. José Luis López de Sinales, informed during a press conference on April 27, 2012.
The decision of expanding the storage capacity of these two terminals was taken because both ports – Bilbao and Barcelona – recently increased their draft to 16 meters, which will allow them to not only receive larger vessels but also distribute more petroleum products to other ports.
During 2012, CLH will invest €98 million in storage facilities and pipelines. For the Strategic Plan 2007-2011, the Spanish company spent €700 million, as opposed to the €400 million that were planned for the 2012-2016 period. Mr. López Silanes explained that this is due to the existing dimension of CLH’s infrastructure.
