Oiltanking acquires 100 pc stake in Antwerp Gas Terminal

Oiltanking acquires 100 pc stake in Antwerp Gas Terminal

5:59 AM, 8th July 2016
Oiltanking acquires 100 pc stake in Antwerp Gas Terminal

ANTWERP, BELGIUM: Oiltanking GmbH has acquired 100 percent shares in Antwerp Gas Terminal NV, one of Europe’s largest independent LPG and petrochemical gas terminals, enhancing its position as a leading global independent storage partner for gases.

In a globalized 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 organizations. 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 cbm, offers storage, throughput and distribution services for both pressurized 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.

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