Brazil’s national development bank BNDES is lending R15mn (US$5.1mn) to Brazilian logistics company Decal Brasil for the construction of a R76mn fuels terminal at the port of Suape in the northeastern state of Pernambuco.

The new terminal will have 154,000 cubic meters (cu) storage capacity in 12 separate tanks, half of which will be used to store diesel.

This will increase the northeastern region’s capacity to store diesel imported from Europe, the US and the Caribbean. Currently, 95% of the northeastern region’s imported diesel oil is distributed from the terminal at Säo Luis port in Maranhão state.

Suape was chosen for its infrastructure and depth, which allows the docking of 60,000 cu. m. capacity tankers.

Decal Brasil is a Pernambuco-based logistics and fuel distributor.