Vopak to expand Thailand terminal for US ethane imports from 2029
Global independent storage operator Vopak said on Thursday that it will expand its joint-venture terminal in Thailand to handle U.S. ethane imports for state energy firm PTT Global Chemical from 2029. Petrochemical firms across Asia, led by China, are planning to ramp up imports of cheaper ethane flowing from the U.S. shale gas boom to diversify raw material supply and lower costs. Thai Tank Terminal - a joint venture between PTTGC, Gulf Energy Development and Vopak - will construct 160,000 cubic metres of tank storage in Map Ta Phut, Rayong, according to Vopak.