- By 2026, over 40,000 m³ of chemical storage capacity will be added.
- The shift towards specialty chemicals is driven by competitive pressure from imports.
- Tarragona is positioned for new investments in decarbonization and circular economy.
- European chemical industry is expected to undergo rationalization.
Investment Strategy and Industry Trends
Vopak Terquimsa, a logistics provider for the chemical sector, is aligning its investment strategy with the shift towards value-added products. The company anticipates that 2024 will mirror 2023 but with a growing focus on specialty chemicals due to competitive pressures from imports. This trend is influencing European chemical production, including in Tarragona, prompting a move away from commodity chemicals.
Expansion Plans
To support these industry shifts, Vopak Terquimsa plans to expand its facilities by 2026, adding over 40,000 m³ of chemical storage capacity. This expansion is part of a broader strategy to enhance Tarragona's role as a leading petrochemical hub in Europe.
Decarbonization and Sustainability
Tarragona offers opportunities in decarbonization, including hydrogen, CO₂ capture and utilization, and circular economy initiatives. Vopak Terquimsa's experience in similar global projects positions it to add value in these areas, aligning with industry sustainability goals.
Strategic Focus
The company's strategic plan is built on four pillars: expanding chemical storage capacity, developing decarbonization projects, enhancing competitiveness through innovation and operational efficiency, and investing in people to ensure long-term expertise and leadership in the sector. These efforts aim to strengthen Tarragona's position in the European production landscape, contingent on supportive policies and regulatory frameworks.
