A consortium of FCC and Felguera IHI has been awarded a contract by Royal Vopak, a tank storage provider, to build an independent oil storage terminal in Bahía las Minas, Panama’s Atlantic coast.
The new terminal will be located next to the Chevron terminal in Panama, which is operated for Chevron by Vopak.
The project will include nine storage tanks for marine oil, fuel oil and clean oil products (diesel, gasoline and Jet A) with an aggregate capacity of approximately 360,000 cb m. It will also involve the construction of complementary marine infrastructure, including jetties to handle ships of up to 80,000 dwt.
Under the contract, the consortium will be responsible for the design, supply of materials and construction of the facilities, which will be delivered to Vopak ready for immediate commercial operation.
Carlos Jarque, FCC Group CEO, said: "The implementation of this industrial project strengthens our strategic positioning in Central America, which is an important business hub for the company. Industrial projects are a priority line of business for FCC.”
Construction on the terminal is set to commence immediately, with completion expected within 24 months.