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The Company Reports Significant Growth and Expands Its Leadership in the Sector
In 2023, Vast Infrastructure solidified its position as a leader in the crude oil export market in Brazil, achieving an impressive volume of 28.89 million tons shipped. This milestone represented a 34.5% increase compared to the previous year, standing out as the largest growth in the category and accounting for 51% of the total movement of Brazilian terminals that export oil. This achievement was made possible by the operations at the Vast terminal (T-Oil), strategically located at the Port of Açu, in Rio de Janeiro.
Record in Movement and Expansion of Services
In addition to leading exports, Vast also secured second place in terms of crude oil movement in the country, with a total of 57.6 million tons in 2023. This volume, which marks a growth of 32.9% compared to the previous year, accounts for 69% of all movement at the Port of Açu, solidifying it as the second largest port in Brazil. These numbers reflect the record of 215 oil transshipment operations carried out during the period.
Strategy and Cutting-Edge Infrastructure
Vast has been operating since 2016 and holds the only private terminal in Brazil authorized for oil transshipment in sheltered waters, with the capacity to accommodate VLCC (Very Large Crude Carrier) class ships. These ships can store up to 2 million barrels of crude oil each. The company prioritizes safe, efficient operations with minimal downtime, serving a broad client portfolio that includes the largest oil and gas operators active in Brazil.
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Future Vision: Diversification and Sustainability
In aiming to expand its operations, Vast is committed to diversifying its service portfolio to meet the growing demand for liquid handling infrastructure in Brazil. Among the innovative projects is the Açu Liquid Terminal (TLA), which will position itself as a hub for marine fuels, including bio-components to contribute to the decarbonization of the maritime sector, and SPOT, which promises to strengthen the national logistics infrastructure for oil movement, integrating a tank farm and pipelines with existing transportation and refinery networks.
The trajectory of Vast Infrastructure in 2023 not only reaffirms its leadership in the crude oil export market in Brazil but also highlights its commitment to innovation, sustainability, and logistical efficiency. With continuous investments in modern infrastructure and expansion projects, Vast is well-positioned to continue playing a crucial role in the oil and gas sector, creating value for its clients and contributing to the sustainable development of the maritime and energy sectors in Brazil.
Source: Rafael Bolsoni.
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