Santos Brasil, a company specialized in port operations and logistics, has operated in the Port of Itaqui since the end of 2022. This year, they have initiated their expansion plan for the TGL 1 and TGL 3 fuel terminals in the public port of Maranhão. The ongoing works include the construction of new tanks for receiving, shipping, and storing diesel, gasoline, and biofuels. Santos Brasil will also invest in constructing a third terminal (TGL 2), which is scheduled to begin in 2023. The acquisition of the three terminals at the Port of Itaqui by Santos Brasil took place in April 2021, with combined grants of BRL 157.3 million and initial investments of BRL 500 million in construction works. Over BRL 600 million will be dedicated to liquid bulk cargo movement in the Port of Itaqui.
Source: Datamar News