GULF COAST GROWTH VENTURE TERMINAL UPDATE

Royal Vopak has been selected by Gulf Coast Growth Ventures (GCGV), the petrochemical joint-venture between ExxonMobil and SABIC, to design, build, own and operate a new industrial terminal on the U.S. Gulf Coast.

This week the Texas Environmental Committee update the air permit for the Gulf Coast Venture Terminal.

The terminal will be dedicated to serving the planned 1.8 million tonnes per year ethane cracker. All liquid products moved by marine vessels will be handled by the new Vopak terminal. The total capacity will be around 130.000 cbm tankage and will include pipelines connecting the terminal to the cracker complex.

All liquid products moved by marine vessels will be handled by the new terminal. The total capacity will be around 130,000 m3 and will include pipelines connecting the terminal to the cracker complex.

It is due to be operational consistent with a planned start-up by 2022. The investment is covered with a long-term agreement and is aligned with Vopak’s strategy to focus on industrial terminals and to service the chemical industry.

In 2017 the Port of Corpus Christi Commission voted to approve a lease agreement with Gulf Coast Growth Ventures Asset Holding LLC, an ExxonMobil-SABIC joint venture, for a 13-acre multi-purpose cargo dock and a 35-acre marine terminal facility at the port.

The Port of Corpus Christi Commission unanimously voted to approve a lease agreement with Gulf Coast Growth Ventures (GCGV) Asset Holding LLC for a 13-acre multi-purpose cargo dock and a 35-acre marine terminal facility at the port, according to a statement from the port.

Eelco Hoekstra, chairman of the executive board and CEO of Vopak, says: ‘We are very excited to support GCGV with this major industrial development in the US. We are proud of our expertise and long track record of storing vital products

Vopak’s Coast Growth Ventures industrial terminal and associated infrastructure are expected to be operational consistent with a planned start-up by 2022. The investment is covered with a long-term agreement and is aligned with Vopak’s strategy to focus on industrial terminals and to service the chemical industry.

Profile Vopak
Royal Vopak is the world’s leading independent tank storage company. We store vital products with care. With over 400 years of history and a focus on sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers. By doing so, we enable the delivery of products that are vital to our economy and daily lives, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. We are determined to develop key infrastructure solutions for the world’s changing energy systems, while simultaneously investing in digitalization and innovation. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit vopak.com

About Gulf Coast Growth Ventures
Gulf Coast Growth Ventures (GCGV) is a chemical manufacturing joint venture between
ExxonMobil and SABIC in San Patricio County, Texas. GCGV is a unique opportunity created by the abundance of domestic shale gas resources. ExxonMobil and SABIC bring unmatched expertise to this project, having worked together in petrochemical ventures for more than 35 years. Visit www.gulfcoastgv.com for more information.