January, 2020 [Vesta] – Today Vesta Terminals BV announces the expansion of its subsidiary Vesta Terminal Antwerp NV with 150,000 cbm for storage of (bio) jet fuel, gasoil or diesel. This will bring the total capacity of Vesta Terminal Antwerp NV to almost 950,000 cbm.
The expansion consists of 5 new tanks of 30,000 cbm each. Dedicated pipeline systems for (bio) jet fuel will be built to ensure product quality requirements. The capacity will be connected to the jetties and the CEPS pipeline system, connecting the terminal to most major airports in West and North-West Europe. To ensure that stringent quality requirements for jet fuel are met, the investment is compliant with the latest health, safety and environmental standards and includes investments in water draw-off and (multiple) filtering systems, additivation and round pumping systems.
Vesta Terminal Antwerp NV is strategically located in the ARA (Amsterdam, Rotterdam, Antwerp) region. The terminal is a make and break bulk location for liquid fuels (bio-fuels and petroleum products) and can handle the largest product tankers (160 KDWT).
The European jet fuel supply has been under increasing pressure due to growing demand and logistical constraints and more storage capacity is needed to meet this demand. Tanks and pipeline infrastructure will be built with maximum flexibility and allow the storage and handling of different grades and products simultaneously. Most of the capacity at Vesta Terminal Antwerp NV has been built for multiple product use, reducing risk for our customers in negative market structures.
Significant investments have turned Vesta Terminal Antwerp NV into a state-of-the-art storage terminal. This investment supports the need for an efficient jet fuel supply infrastructure and the growth ambition of Vesta Terminals BV.
Vesta Terminals BV is an independently operated company offering its customers safe and reliable logistics services in the form of storage and transhipment, primarily for crude oil, refined petroleum products, bio fuels and petrochemicals.
Vesta Terminals BV currently wholly owns and operates storage terminals in Antwerp (Belgium), Flushing (The Netherlands) and Tallinn (Estonia) with a total capacity of 1.6 million cubic meters. The corporate headquarters is located in Utrecht, The Netherlands.
We have a strong ambition to grow and to serve the demand of our customers and their needs. Our diverse customer portfolio includes oil traders, major oil companies, petrochemical producers, local fuel distributors and bunker suppliers.
Vesta Terminals is a 50:50 partnership between Mercuria Energy Asset Management BV, Geneva and Sinomart KTS Development Limited, Hong Kong.
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