Oiltanking acquires 100% of shares in Antwerp Gas Terminal

Oiltanking has enhanced its position as a leading global independent storage partner for gases by acquiring Antwerp Gas Terminal N.V., one of Europe’s largest independent LPG and petrochemical gas terminals.

In a globalised world, the requirements for energy and feedstocks are changing. As a proactive player, Oiltanking therefore aims to further diversify its storage portfolio. The company firmly believes that this strategic acquisition will strengthen its leading position as a provider of tailor-made tank storage services.

As part of the acquisition, Oiltanking will focus on further expanding the terminal, in the process combining the long years of operational experience and professionalism of both organisations. The Antwerp Gas Terminal is located in one of Europe’s largest harbours, the Port of Antwerp, which connects the site with the most important chemical and petrochemical clusters while also providing direct access to the North Sea.

The terminal, with an existing capacity of 138 400 m³, offers storage, throughput and distribution services for both pressurised and refrigerated LPG and petrochemical gases. The terminal has ideal logistical links: it provides deep water access (that can be further deepened), as well as pipeline, waterway, rail and road connectivity. The site complies with the highest quality and safety standards.

Adapted from press release by Rosalie Starling

Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/07072016/oiltanking-acquires-100-of-shares-in-antwerp-gas-terminal-3660/