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Vopak expands capacity, boosted by emerging markets.

Publication: Chemical Week
Publication Date: 08-JUN-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Vopak expands capacity, boosted by emerging markets.(PORTS, TERMINALS, AND LOGISTICS)

Article Excerpt
[ILLUSTRATION OMITTED]

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.

Vopak--the market leader with more than 27 million cu meters of tank storage capacity split among 80 terminals across 32 countries--is facing challenging conditions in its chemicals business, CEO John Paul Broeders tells CW. "The chemical industry is not having a good time," Broeders says. "There was an extremely sudden halt in demand for chemicals from industries such as...

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