WILMINGTON, NC (AP) - A Dutch company is studying if it would be feasible to invest up to $50 million to resume distribution of fuel at a North Carolina harbor.
The Star-News of Wilmington reported Wednesday that Royal Vopak is looking at adding 400,000 barrels of storage on the Cape Fear River at Wilmington.
Vopak's Len Daly says the company bought a terminal with 600,000 barrels capacity on the river last year from ExxonMobil.
If the company goes ahead it would have to restore existing tanks and build new ones. Vopak is an independent terminal operator that operates in 32 countries.
Vopak has an 18 million barrel terminal in the Bahamas which would feed the North Carolina facility.
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