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Vopak Expands Capacity, Boosted by Emerging Markets

8:35 AM MDT | July 28, 2009 | Ian Young

The chemical tank storage industry is feeling the impact of the global economic downturn, particularly in Europe, where throughput at tank terminals has declined due to falling demand. However, business in emerging markets continues to grow and export flows of petrochemicals from newly completed manufacturing complexes in the Mideast are providing additional opportunities. Built for expansion: Vopak's left-bank terminal at Antwerp. Vopak—the market leader with more than 27 million cu meters of tank storage capacity split among 80 terminals across 32...

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