Genoa, Italy (PortSEurope) September 19, 2017 – Italian company SAAR Depositi Portuali S.p.A., one of the historic operators of Genoa port, plans to invest €3 million ($3.6 million) to overhaul of its capacity, CEO Beppe Costa said.
The company operates the biggest vegetable oil terminal in the Mediterranean, with reservoirs of 100,000 cubic metres, but intends to expand even more. SAAR Depositi Portuali plans to increase their capacity to 120,000 cubic metres by 2020, Costa explained.
Moreover, SAAR Depositi Portuali plans to sign a cooperation agreement with an international group to set up a joint venture and increase the profitability of the investments made in recent years. The partner is a supplier to biodiesel and confectionary products makers which wishes to set up a hub in Genoa, the CEO of Saar Dp noted.
SAAR Depositi Portuali currently has partnerships with Silomar, Sampierdarena Olii and the Savona coastal deposit. The companies together form a logistics pool of 220,000 cubic metres of vegetable oil storage capacity located in the Mediterranean.
SAAR Depositi Portuali S.p.A. manages in the Port of Genoa a coastal depot for the landing and handling of vegetable and animal oils (palm oil, coconut oil, palm kernel, olive oil, peanut, maize, strawberry) enjoying a leading position throughout the Mediterranean.
Source: Il Sole 24 Ore (Print Edition)
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