Vitol Asia, a subsidiary of Swiss-based energy and commodity trading firm Vitol, will commission a 50,000-70,000t bitumen storage facility in Malaysia’s Tanjung Bin from 2024. Engineering firm Rotary will build the storage tanks at the VTTI ATB terminal and next to Vitol’s recently commissioned ATB refinery in the state of Johor, while Vitol’s global terminal [...]
Terminal owner VTTI is to close its bitumen-producing ATPC refinery in Antwerp, Belgium, stoking concerns about supply of the road-paving product after a string of recent capacity terminations. Trading firm Vitol, which supplies feedstocks to and markets bitumen from the refinery, said today it had been “notified by VTTI of its intention to close [...]
Geneva-based Vitol increased the volume of LNG it traded last year by 185%, to 7.4M tonnes from 2.6M tonnes in 2016. The performance pushed the company up into the top rank of LNG trading companies. Vitol has been active in LNG trading since 2006 and is now one of the four commodity merchants with a [...]
