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.