February 1st, 2021 [Market Report Company] – Vopak (Rotterdam, Netherlands) says its new 63,000-cubic meter styrene storage hub at Botlek, Rotterdam, will be operational for customers in February 2021, reported Chemweek.
The project commissioning team is on track with testing of equipment and systems before the facility is officially handed over to the terminal organization, it says. Vopak’s expansion of the existing facility’s capacity at Botlek has included the addition of 15 stainless steel storage tanks of either 3,000 cu meters or 5,000 cu meters capacity.
The hub will connect seaborne trade flows via barges, block-trains, and trucks to the European hinterland, and is connected to multiple jetties and loading facilities, Vopak says. It also allows tank-to-tank transfers that will enable customers to benefit from the styrene trading hub, it adds.
As MRC wrote before, in November 2020, SABIC and Vopak Holding Terminals BV signed an agreement with the Jubail and Yanbu Industrial Cities Company (JYIC), owned by the Royal Commission for Jubail and Yanbu (RCJY). Under the agreement, JYIC will become a 20 percent stake partner in Jubail Chemical Storage and Services Company (Chemtank). The agreement aims to strengthen strategic integration among the three parties to scale up collaboration between local and international organizations. The deal will help achieve the goals of the National Industrial Development and Logistics Program, a key part of Saudi Vision 2030.
Styrene is the main feedstock for the production of polystyrene (PS).
According to MRC’s ScanPlast report, Russia’s estimated consumption of PS and styrene plastics totalled 454,990 tonnes in the first eleven months of 2020, which corresponds to the last year’s figure. November estimated consumption of PS and styrene plastics grew by 4% year on year to 45,830 tonnes.
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