November 19, 2009 [Royal Vopak] - Royal Vopak and Oxiquim S.A. announce that Vopak-Oxiquim Terminal Mejillones S.A., a joint venture between both companies in Chile, will start with the construction of the first phase of a new storage terminal for bulk liquid chemicals in Mejillones, which is located in the north of Chile.
The terminal will have an initial capacity of 10,000 cubic meters (cbm), which will be dedicated to the storage of chemicals for both import as well as export purposes. The facility is expected to be operational by the end of 2010.
The strategic position of Mejillones, which is a key location for the supply of raw materials, and the developing trend of the industry in the area, especially in the mining and industrial segments, have resulted in a rise of logistical product flows that require bulk liquid storage services.
Vopak already has a wholly owned terminal operation in Chile in San Antonio, which is located southwest of Santiago.
Oxiquim is one of the most important chemical industries in Chile. It is a leading manufacturer of wood panel and industrial resins and has a leading position in chemicals distribution covering a wide range of products for the industry. It also has distribution activities in Brazil, Peru and China. Additionally, it owns and operates two open bulk liquids maritime terminals in Chile. With more than 55 years of history, Oxiquim supports its activities with state-of-the-art logistic capabilities securing best service and quality to the market.
