The first phase of the Palermo Tanks terminal project in the port of Barranquilla, Colombia has been completed and is operational, Houston-based Zenith Energy announced.
Zenith, an international liquids and bulk terminal company, has partnered with Colombian marine transportation and logistics firm Grupo Coremar on the project, which the companies claim will be the most modern multiproduct liquids facility of its kind in the country.
The first incoming shipment of refined products has been received and is being distributed to the Colombian market by truck.
Initially the facility – including two storage tanks, a dock and infrastructure – will have capacity of 352,000 barrels for refined products and crude oil storage.
Located near the mouth of the Magdalena River on the country’s Caribbean coast, the Palermo Tanks has state approval to eventually hold up to 2.5m barrels of substances including asphalt, vegetable oil and petrochemicals.
The project was originally due for completion in late 2015 but suffered some delays.