Mabanaft acquires the Oiltanking Copenhagen terminal

Under Mabanaft’s ownership, the terminal will continue to serve its purpose as critical energy distribution infrastructure in the Copenhagen region, handling liquid fuels for road transport and the marine and aviation industries. The terminal has a storage capacity of 461 652 m3 and is strategically located at Prøvestenen island in the city of Copenhagen.

The acquisition is in line with the Mabanaft Group strategy. In Copenhagen, Mabanaft will explore additional product streams and service offerings for low carbon fuels such as sustainable aviation fuel, advanced biofuels and hydrogen.

“We want to help our customers decarbonise and our best way to do this is by leveraging our core strengths of sourcing, storing, handling and distributing liquid fuels. This terminal adds another key location to our network and will enable us to expand our footprint in Europe and help us provide high-quality liquid fuel products to our customers in the region, while maintaining the highest safety and environmental standards”, said Mabanaft CEO, Jon Perkins.

“Oiltanking has been operating in Copenhagen for over 50 years and we are proud of the contribution we have made to the energy supply chain in the region. We thank our employees and customers for their support during our tenure”, said Bas Verkooijen, CEO of Oiltanking GmbH. “We are delighted to have reached an agreement with our affiliate company Mabanaft and are glad to see that the terminal and its loyal and dedicated team continue their journey as part of the existing terminal network within the Mabanaft Group”, he continued.

The sale has received all required third-party approvals and was completed effective 30 June 2023.

Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/04072023/mabanaft-acquires-the-oiltanking-copenhagen-terminal/