Vopak has acquired AP Petrochemicals Singapore, which owns 80% of AP Petrochemicals Vietnam, operator of a chemical terminal at Nhoc Trach, near Ho Chi Minh City. The terminal currently has seven storage tanks offering a total capacity of 8,200 m³, but Vopak says it will upgrade and expand the terminal to serve the growing market for chemical distribution capacity in the local area.
Vopak has also announced a plan to expand capacity at its Pulau Sebarok terminal in Singapore from 1.04m m³ to 1.25m m³, as part of its project to develop the site as a hub for fuel oil blending. The new tankage will be available by the end of 2007.
