Vopak Americas Awards Matrix Service EPC of Brownfield Expansion Project at Deer Park, Texas Terminal
March 21 2017 - 3:05PM
Matrix Service Company (Nasdaq:MTRX)
announced today that its subsidiary, Matrix Service Inc. has been
awarded the engineering, fabrication, procurement, and construction
of 10 new tanks and associated balance of plant work by Vopak
Americas, a division of Royal Vopak, for their Deer Park Brownfield
Expansion project. The planned expansion at the Vopak Terminal Deer
Park, located on the Houston Ship Channel, will add approximately
138,000 cubic meters of capacity and related infrastructure to
receive, store and export ethanol and biodiesel products.
“We are extremely proud to have been selected as the EPC
contractor for this significant terminal expansion, which
underscores Vopak’s leading position in the independent tank
storage market and supports the growing global demand for
biofuels,” said John Hewitt, CEO of Matrix Service Company. “We
appreciate the trust Vopak has placed in us and look forward to
completing this project safely, on time and on budget.”
The project was awarded and commenced in mid-December 2016 and
is expected to be commissioned by Vopak in the first calendar
quarter of 2019.
“We are excited to be expanding our Deer Park Terminal with a
state of the art zero emission tank capacity and relevant
infrastructure,” said Boudewijn Siemons, Division President for
Vopak Americas. “Sustainability is a core value at Vopak and this
investment ensures all emissions, including tank venting are
captured and destroyed.” “With their long-standing reputation as a
leader in the EPC of storage tanks and terminals, we are confident
in Matrix Service’s ability to meet our exacting standards for
safety and quality.”
About Matrix Service Company
Founded in 1984, Matrix Service Company is
parent to a family of companies that include Matrix Service, Matrix
NAC, Matrix PDM Engineering and Matrix Applied Technologies. Our
subsidiaries design, build and maintain infrastructure critical to
North America’s energy, power and industrial markets. Matrix
Service Company is headquartered in Tulsa, Oklahoma with subsidiary
offices located throughout the United States and Canada, as well as
Sydney, Australia and Seoul, South Korea.
The Company reports its financial results based
on four key operating segments: Electrical Infrastructure, Storage
Solutions, Oil Gas & Chemical and Industrial. To learn more
about Matrix Service Company, visit matrixservicecompany.com
About Royal Vopak
Royal Vopak is the world’s leading independent tank storage
company. We operate a global network of tank terminals located at
strategic locations along major trade routes. With a history of 400
years and a focus on sustainability, we ensure safe, efficient and
clean storage and handling of bulk liquid products for our
customers. By doing so, we enable the delivery of products that are
vital to our economy and daily lives, ranging from oil, chemicals,
gases and LNG to biofuels and vegoils. Vopak is listed on the NYSE
Euronext Amsterdam stock exchange and headquartered in Rotterdam,
the Netherlands. Including our joint ventures, we employ an
international workforce of more than 6,000 people.
This release contains forward-looking statements that are made
in reliance upon the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
generally accompanied by words such as “anticipate,” “continues,”
“expect,” “forecast,” “outlook,” “believe,” “estimate,” “should”
and “will” and words of similar effect that convey future meaning,
concerning the Company’s operations, economic performance and
management’s best judgment as to what may occur in the future.
Future events involve risks and uncertainties that may cause actual
results to differ materially from those we currently anticipate.
The actual results for the current and future periods and other
corporate developments will depend upon a number of economic,
competitive and other influences, including those factors discussed
in the “Risk Factors” and “Forward Looking Statements” sections and
elsewhere in the Company’s reports and filings made from time to
time with the Securities and Exchange Commission. Many of these
risks and uncertainties are beyond the control of the Company, and
any one of which, or a combination of which, could materially and
adversely affect the results of the Company's operations and its
financial condition. We undertake no obligation to update
information contained in this release.
For more information, please contact:
Matrix Service Company
Kevin S. Cavanah
Vice President and CFO
+1-918-838-8822
Email:kcavanah@matrixservicecompany.com
Vopak Americas
Stefany Cortes
Regional Communications Manager
+1-713-561-7216
Email: stefany.cortes@vopak.com
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