The new terminal will be located next to the existing 509,000 cbm Chevron terminal in Panama, which is operated for Chevron by Vopak. The new independent Vopak terminal will have 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 cbm. The project entails, in addition to the new tankage, complementary marine infrastructure, including jetties to handle ships of up to 80,000 dwt.

Work is scheduled to start immediately, with a delivery time of 24 months.

"The new terminal will be a valuable expansion of the global Vopak network and will enable us to serve our customers at this very strategic location” says Agustin Silva, managing director Vopak Panama. “We are looking forward to a safe and efficient construction period."The location in Bahia las Minas, Panama, is strategically situated close to the Atlantic entry to the Panama Canal, at the crossroads of international transportation and trade routes for refined oil products. in the Caribbean region, and to serve the expected increasing bunkering needs resulting from the expansion of the Panama Canal.

The works comprise the complete delivery of the terminal in turnkey mode including responsibility for the design, supply of materials and the construction of the facilities. The consortium will also commission the terminal delivering it to Vopak ready for immediate commercial operation.

By securing this contract, FCC has further consolidated its presence in Panama and continued progress with its policy of diversification and commitment to industrial construction. Carlos M. Jarque, CEO of FCC Group, says, "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”.

About FCC Group

FCC Group has over 115 years’ experience in providing services to citizens. It is a global reference company for environmental services, end-to-end water management and infrastructure works. It currently employs more than 55,000 people and operates in over 25 countries. In the 2016 financial year it had a turnover of 5.952 billion euros, 48% from international projects.

About Royal Vopak

Royal Vopak is the world's leading independent tank storage provider for the oil and chemical industry. Vopak operates 67 terminals in 25 countries with a combined storage capacity of 34.7 million cbm, with another 3.8 million cbm under development, to be added before the end of 2019.