Construction has begun on a liquid bulk fuels terminal in Brazil, funded by the supply chain manager Noble Group. The terminal at Itaqui in the northern state of Maranhao is expected to be operational by November 2009 and will help support the region’s growth, which in part has been fuelled by the rising exports and imports of liquid products such as clean fuels, bio-diesel or ethanol.
The terminal will have static storage capacities for 132,990 cubic metres for liquid fuels and it will be linked to the port pier in order to discharge and load vessels.
Noble made the investment through its wholly-owned subsidiary Temmar.
Other Brazilian investments of Noble include sugar mill operations in Sao Paulo and in Merdiano, a coffee processing and storage facility, and a fertiliser venture which will strengthen barter operations in grains and other local raw materials such as sugar, coffee and cotton, and Mhag, a Brazilian iron ore miner in which the company owns a minority stake located in the northeast region.
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