Vopak secures NSW government endorsement for Port Botany expansion to strengthen aviation fuel security
- Written by: Business Daily Media
- Published in PR Newswire
Vopak's Sydney Terminal
Aligned with the government's fuel security goals, the expansion capacity of approximately 120,000 cbm will strengthen supply chain resilience to help protect consumers and businesses. Adding new storage tanks and pipeline connections to this independent infrastructure increases fuel storage capacity even more, while supporting sustainable aviation fuels (SAF) to drive the sector's decarbonisation.
Through the Investment Delivery Authority's (IDA) endorsement, the NSW Government will provide practical, non-financial support to remove delivery barriers, improve coordination across government and accelerate project delivery[1].
"We are proud to receive the endorsement from the NSW Government. As the energy needs of New South Wales continue to evolve, it is critical that we invest in secure, reliable, and adaptable infrastructure. By expanding as an independent, open-access facility, this project will not only address fuel security issues, but boost market competition to the benefit of Australian consumers. Furthermore, with the capability to store SAF, we are laying vital groundwork for the country's energy transition," said Mats de Groot, Managing Director, Vopak Terminals Australia.
The project is subject to Final Investment Decision (FID) and regulatory planning conditions and approvals. For more information on the NSW Government's announcement, please visit the [1] official ministerial release https://www.nsw.gov.au/ministerial-releases/five-projects-endorsed-strengthening-fuel-security.
About the Vopak Terminals Australia
Incorporated in 1994, Vopak Terminals Australia is a leading independent fuel import and distribution infrastructure provider, delivering vital storage and logistics solutions to support Australia's energy security and supply chains. Operating major import and distribution facilities at Port Botany, Sydney, and East Arm Berrimah, Darwin, Vopak provides safe, reliable, and open-access infrastructure for a full spectrum of clean petroleum products. Vopak Terminals Australia is part of Royal Vopak, the world's leading independent tank storage infrastructure company with a global network of terminals and over 400 years of history. For more information about Vopak terminal in Sydney, please visit https://www.vopak.com/terminals/vopak-terminal-sydney-site-b.
About Royal Vopak
Royal Vopak helps the world flow forward. At ports around the world, we provide storage and infrastructure solutions for vital products that enrich everyday life. These products include liquids and gases that provide energy for homes and businesses, chemicals for manufacturing products, and edible oils for cooking as well as electrical energy. For all of these, our worldwide network of terminals supports the global flow of supply and demand. For more than 400 years, Royal Vopak has been at the forefront of fundamental transformations. With a focus on safety, reliability, and efficiency, we create new connections and opportunities that drive progress. Now more than ever, our talented people are applying this mindset to support the energy transition. Together with our partners and customers, we are accelerating the development of infrastructure solutions for hydrogen, ammonia, CO₂, battery energy storage systems, and low-carbon fuels & feedstocks – paving the way to a more sustainable future. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit www.vopak.com.
Commercial & Partnership Information:
Noor Sneep
noor.sneep@vopak.com
