London, 27 November 2014
This venture reinforces the Total Group’s continued investment strategy for the Bitumen business in the UK.
The Total Group is the leading refiner and marketer of Bitumen in Europe. The bitumen will be supplied by sea via the Total Group’s extensive network of Bitumen production facilities.
The partnership with Royal Vopak, the world’s largest independent tank storage services provider, will complement Total’s existing Bitumen assets in the UK with additional storage capacity and the option for further expansion. Planned to open in Q2 2016, the facility will be built and operated by Vopak Terminal London, taking advantage of the existing land and jetty facilities at its major oil products terminal in Grays on the Thames.
Total is a well established supplier of Bitumen and speciality (high performance) Bitumen in the UK, providing “sustainability through durability”. The high performance Bitumens provide lower working temperatures and durable solutions. Total UK offers an extensive product range including emulsion, clear binder and Total Styrelf® polymer modified Bitumen.
Richard Laden, Total UK Managing Director, said “the decision to develop a new supply point comes at an important time when the UK government has announced plans for the biggest investment in road infrastructure since the 1970s. The market is already becoming reliant on imports due to the closure of several Bitumen facilities over the last five years so this agreement demonstrates Total’s commitment to supply chain security and the consolidation of a sustainable business in the UK market. Total intends to support its partners and the country’s road infrastructure plans in the coming years.
Ian Cochrane, Managing Director at Vopak Terminals UK, said "Vopak is delighted to be able to deliver the facilities for Total’s Bitumen activity at its London terminal which enjoys an excellent location on the River Thames and adjacent to the main motorway network for supply to the London & South East market”.
Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. Its 100,000 employees put their expertise to work in every part of the industry – exploration and production of oil and natural gas, refining, chemicals, marketing and new energies. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.co.uk
Royal Vopak is the world’s largest independent tank storage company by capacity, specialized in the storage and handling of oil products, liquid chemicals and gasses. As per 11 November 2014, the company operates 80 terminals in 28 countries with a combined storage capacity of 33.5 million cbm, with another 4.5 million cbm under development, to be added by 2017.Vopak’s mission is to ensure safe, reliable and effective storage and handling of bulk liquid products at key marine locations that are critical to its customers around the world. The majority of customers are companies operating in the oil, chemical and gas sectors for which Vopak stores a large variety of products destined for a wide range of industries.http://www.vopak.com