Independent journal on economy and transport policy
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Joint venture Vopak - Sabic in order to realize a new terminal for chemicals in the Saudi industrial port of Jubail
The system will become operating at the beginning of 2015
November 14, 2012
The terminalista group Dutch Vopak has signed an agreement with the petrochemical group Saudi Saudi Basic Industries Corporation (Sabic) in order to invest in a new terminal for chemicals in the Saudi industrial port of Jubail. The two groups have constituted joint venture Jubail Chemical Storage and Services Company (JCSSC), that it is participated with 75% from Sabic and 25% from Vopak, that will have the task to realize the terminal in the King Fahd Industrial Port di Jubail. The system, than initially will be equipped of five docks and of about 40 storage tanks, it will have an ability to about 250.000 cubic metres. The new terminal will become operating at the beginning of 2015.
While Sabic and the Dutch oil group Shell have announced the next potenziamento of the activity of their joint venture Saudi Petrochemical Company (Sadaf) and of the production of its plant, that it is situated in the industrial zone of Jubail.
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