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Vitol Group’s Vivo Energy is building fuel tanks at a former Durban refinery site to once again place ethekwini as a leading South African storage hub, buffering South Africa from future oil market shocks.
With the current supply cutoff caused by the Iran war only highlighting South Africa’s growing dependence on fuel imports, this announcement has been welcomed by Russell Curtis, the Head of Invest Durban who said , “As Invest Durban we have had the pleasure of working with Vitol Group previously on multiple potential FDI projects, and are very pleased with the fruition of this additional R2.1bn new investment into eThekwini.”
The $130-million construction project, along with the refurbishment of the nearby Island View facility will provide a combined 500,000 cubic meters of capacity back to Durban. According to Roberts Vivo has made additional investments to the Durban facility, improving the transfer of fuel and truck loading, and is in talks with the government about the possibility of building — with a consortium that includes Vitol, ACWA Power and VTTI — a 1.8-gigawatt gas-to-power plant at the site, once a suitable location is added to a state master plan.
Related report: eThekwini fuels energy revival with refinery restoration
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