New Vitol Terminal in Florida

Monday, May 03, 2010

The Vitol Group announced the opening of the Seaport Canaveral Terminal on the east coast of Florida. The terminal, built at a cost of around $130m, will deliver an independent supply of petroleum products to the state, create new jobs, and provide an important boost to the state's economy. It sits on 36 acres and is 60 miles from Orlando.

The new Vitol terminal will inject an estimated $30m annually into the region's economy as well as $5m in additional yearly revenues for Port Canaveral. It will create as many as 300 new direct and in-direct jobs in transportation, shipping, maintenance and service, in addition to the permanent terminal team of 30.

"The Seaport Canaveral Terminal gives Vitol a significant new capacity in its American operations, allowing us to source products from around the world and deliver gasoline and other fuel products to the U.S. market," said Vitol Inc. President Mike Loya. "Just as importantly, the terminal brings more competition to the Florida market and increases energy security for the state by providing a new, dedicated supply of oil products."

The terminal will have a storage capacity of just under 3 million barrels of refined products in 24 tanks for gasoline, diesel, biodiesel, jet fuel, and fuel oil. It will also have transportation infrastructure for loading of barges, seagoing vessels and trucks. The terminal has two jetties and a maximum draft of 12 meters. It will also be linked to a pipeline to serve cruise ships at the Port of Canaveral.

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