Thames Oilport has announced that it plans to expand the amount of tankage to be used for diesel storage, bringing into use a further 56,000 cbm of tankage from the first quarter of 2017.

This is additional to the 175,000cbm of tankage which came into use in April 2016 and the 64,000 cbm of tankage which was commissioned earlier this month.

Thames Oilport is a deep-water fuel terminal located at the site of the former Coryton refinery, which supplied 20% of London and the South East’s fuel before its owner, Petroplus, collapsed in January 2012 and it ceased production in June that year.

Thames Oilport is being developed in phases, beginning with diesel storage and moving on to storage and road loading for other products.

Thames Oilport is a joint venture two thirds owned by Greenergy, with Shell holding the other third.