Zenith Energy and Cargill’s palm oil lease storage and tank construction agreement

Zenith Energy and Cargill’s palm oil lease storage and tank construction agreement


Zenith Energy, an international liquids and bulk terminaling company, has entered into an agreement with Cargill, one of the world’s largest food and agriculture companies, for the storage and handling of palm oil in Zenith’s Palermo Tanks Terminal in the port of Barranquilla, Colombia.

As part of this long-term agreement, Zenith will build 19 k cbm of storage capacity in four dedicated tanks for Cargill’s palm oil operation.  The project may include the construction of a new dyke, tanks with heating system, a dedicated dock line, dedicated truck loading and unloading positions with capabilities to import and export products.

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President and Chief Executive Officer of Zenith, Jeff Armstrong said: “We are pleased to form this agreement with Cargill, one of the leading global producers and traders of agricultural products. Colombia remains an important and fast growing producer of sustainable palm oil worldwide, and this agreement is an important step forward for our Palermo Tanks facility in Barranquilla. We are excited to work with Cargill and look forward to advancing our partnership in the region.”

Palermo Tanks is a joint venture between Coremar Group and Zenith and became operational in 2016.  The state-of-the-art, public access liquids terminal was built to the highest technical, operating and safety standards for importing and exporting petroleum, chemicals and vegetable oils.

For more information, please visit www.zenithem.com

27th March 2017