Vopak has taken a significant step in expanding its global industrial terminal footprint with a final investment decision to construct 160,000 cubic metres of tank infrastructure in Map Ta Phut, Rayong. This development will support the import of US ethane into Thailand.
As part of this expansion, Vopak’s joint venture, Thai Tank Terminal, has signed a landmark 15-year storage and handling agreement with PTT Global Chemical Public Company Limited, a leading global chemicals company. Under the agreement, Thai Tank Terminal will develop the new infrastructure, which is expected to be completed by 2029.
The project plays a key role in securing long-term feedstock supply for petrochemical crackers, enhancing cost competitiveness and feedstock security, while reinforcing Thailand’s position in the global chemical industry.
As part of its broader investment strategy in Thailand, Vopak plans to allocate approximately EUR 130 million over the next four years for storage and infrastructure developments in the Map Ta Phut region. These investments, independent of any single project, are expected to generate strong operational returns upon commissioning.
Ethane, with a lower carbon footprint than conventional feedstocks such as naphtha, aligns with GC’s commitment to sustainability and responsible operations.
For more information visit www.vopak.com
