Olivia Petroleum announces Cadiz bulk liquids terminal is now operational

Owned by Olivia Petroleum, which is a Spanish storage company and trading house, the Cadiz II Terminal will primarily handle used cooking oil, as well as other raw materials for the manufacture of biodiesel (fatty acid methyl esters, or FAME), for international trading.

Olivia has announced that the new bulk liquids terminal in the tax-free zone of the Port of Cadiz, Spain, is now operational.

It said the terminal will receive shipments by sea and dispatch by land. The products are classed as non-hazardous materials as they have a flash point above 55˚C.

Olivia Petroleum bought the terminal in 2019 from Demagrisa and has undertaken various updating, adaptation and improvement works since then, prior to which the terminal had been inactive for 12 years. The terminal is the company’s third in the port.

The facility now has 12 tanks, four of which are brand new, with a total capacity of 12,000 m3. The tanks are connected by three 8” pipelines to the company’s Poniente jetty, which can accommodate vessels up to 200 m long with a draught of 9.5 m. The buried pipelines are made of reinforced fiberglass, which can better resist the corrosive seawater environment than conventional carbon steel pipes, offering a longer potential lifespan.

Olivia Petroleum said it expects its main customers to be international oil product trading and FAME manufacturers. The terminal will operate as an independent terminal for third parties.

Olivia Petroleum added: “The terminal constitutes an intermediate step in the sustainable supply chain of energy, and it is part of the set of existing terminals in European ports which accommodate this type of traffic, in an increasingly competitive environment.”

For more information visit oliviapetroleum.com

16th September 2020