Vopak Terquimsa plans investments to continue providing service to the Tarragona chemical industry

Vopak Terquimsa, a logistics service provider for the chemical sector, serves as a key indicator of industry activity. The company anticipates 2024 to be largely in line with 2023 but sees a growing shift toward value-added products. This trend is driving Vopak Terquimsa’s investment strategy as it prepares for Tarragona’s evolving role as a leading petrochemical hub.

Eduardo Sañudo, General Manager of Vopak Terquimsa, explains: “Commodity chemicals are under increasing competitive pressure from imports. As a result, we expect European chemical production, including in Tarragona, to move further toward specialty chemicals. This shift directly influences the way we plan our future investments.”

He adds: “Our clients are demonstrating increased activity in new projects, and we are confident that the European chemical industry will undergo a phase of rationalization. The Tarragona complex is well positioned to attract new investments and strengthen its role in the European production landscape—provided the right policies and regulatory frameworks are in place.”

Expansion Plans and New Investments

To support these developments, Vopak Terquimsa is expanding its facilities. By 2026, the company plans to add over 40,000 m³ of additional chemical storage capacity.

Sañudo highlights broader industry trends: “Like other major industrial hubs, Tarragona offers opportunities linked to decarbonization, including hydrogen, CO₂ capture and utilization (CCUS), and circular economy initiatives. Our experience in similar projects in other global regions positions us to create added value for our clients in this space.”

Strategic Focus on Growth and Innovation

Vopak Terquimsa’s strategic plan is built on four key pillars:

• Expanding chemical storage capacity to support Tarragona’s industrial growth
• Developing decarbonization projects in line with industry sustainability goals
• Enhancing competitiveness through innovation and operational efficiency
• Investing in people, ensuring long-term expertise and leadership in the sector

“Innovation remains our key driver for competitiveness, and investing in our people is essential for our long-term success,” Sañudo concludes.