Trafigura and Meroil S.A. create a joint venture company
Published by Emilie Grant,
Editorial Assistant
Hydrocarbon Engineering,
Meroil Tank will now operate as a 50:50 joint venture company with assets that include 356K m³ of refined oil products storage infrastructure within the port of Barcelona. The company will continue to serve its current as well as future customers to store refined oil products including gasoil, gasoline and jet fuel, as well as biofuels.
“We are delighted to join forces with Meroil, a logistics provider and wholesale fuel operator in Barcelona,” said Jamie Torrance, Global Head of Distillates for Trafigura. “The asset is integral for the import of refined products and biofuels in the region; offering logistics and flexibility to our current and future customer base. We look forward to working with the Meroil team on the further development of the terminal’s logistics, while staying attentive to the market’s evolution towards low-carbon fuels.”
“We appreciate the opportunity to work with a world-leading company in the oil trading sector; this collaboration will significantly enhance the development of our business in Spain," said José Luís Porté, President of Meroil.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/25102024/trafigura-and-meroil-sa-create-a-joint-venture-company/
You might also like
Hydrocarbon Engineering Podcast
Mike Logue, Owens Corning Global Business Director – Mechanical Insulation, delves into factors that can support the performance, safety and longevity of insulating systems installed in hydrocarbon processing environments, including cryogenic facilities.
Watlow expands facility in Malaysia
Watlow accelerates growth in Malaysia with expanded facility and long-term commitment to southeast Asia’s industrial development.
