Vopak has made a positive final investment decision to expand its industrial terminal network by building a 160,000 m³ tank infrastructure in Map Ta Phut, Rayong, Thailand, to facilitate the import of US ethane. The company’s joint venture, Thai Tank Terminal, has signed a 15-year agreement with PTT Global Chemical for the storage and handling of ethane, with the project expected to be completed by 2029.
The new infrastructure is crucial for supplying ethane as a feedstock for petrochemical crackers, strengthening Thailand’s position in the global chemical industry while improving cost competitiveness and feedstock security. As part of its investment strategy, Vopak will invest around €130 million over the next four years in the Map Ta Phut region. This investment aligns with the company’s commitment to sustainable operations, as ethane has a lower carbon footprint than traditional feedstocks like naphtha.
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Source: Tank Storage Magazine
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