Port Commission Selects Vitol for Fuel Tank Farm
December 16, 2005
Negotiations are under way between the Canaveral Port Authority and international petroleum firm Vitol S.A. Inc. to build and operate a major fuel storage terminal and pipeline on a 30-acre site on the north side of Port Canaveral.
The $120 million project will serve the shipping industry as well as boost oil and gasoline supplies in Central Florida with the construction of a 50-mile fuel pipeline from Port Canaveral to Orlando International Airport.
Vitol has fuel distribution, terminal and refinery operations in a number of countries. Upon completion of a detailed marketing plan and long-term lease negotiations, the company hopes to start construction at Port Canaveral by the middle of next year.
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