Oiltanking Antwerp Gas Terminal doubles its storage capacity and further enhances its position as integrated partner for the petrochemical industry
09.03.2017 - Antwerp, Belgium:
Oiltanking Antwerp Gas Terminal N.V. is pleased to announce the signing of a long-term agreement with INEOS for the storage and handling of Butane that will serve as feedstock for the INEOS cracker in Cologne. The terminal will therefore expand its capacity by almost 100 percent.
As part of the agreement, Oiltanking Antwerp Gas Terminal will make substantial investments to ensure the highest level of operational excellence, including the construction of a 135,000 cbm fully refrigerated butane tank – the largest in Europe.
Similar to the other cracker feedstock, naphtha, which Oiltanking already stores for INEOS under a long term agreement at Oiltanking Ghent, the butane cracker feedstock will arrive at the Antwerp terminal by seagoing vessel (up to VLGC size, Very Large Gas Carriers) for intermediate storage. From there, it will be shipped by barges via the Rhine to the INEOS facility in Cologne. This storage and handling solution will provide INEOS increased flexibility and security of supply enabling INEOS to optimize the related supply chain.
Oiltanking’s acquisition of the Antwerp Gas Terminal last year was part of the company’s pro-active strategic reaction to changing global requirements for energy and feedstocks. Being integrated into the logistical chain of one of the world’s leading chemical companies fits perfectly in Oiltanking’s long term strategic plan.
Oiltanking Antwerp Gas Terminal N.V., a fully-owned subsidiary of Oiltanking GmbH, is located in the port of Antwerp and is one of the largest independent terminals in Europe for storage, throughput and distribution of LPG’s and petrochemical gases.
Oiltanking GmbH is a subsidiary of Marquard & Bahls, a Hamburg-based, family-owned company that operates in the fields of energy supply, trading and logistics. Oiltanking is the second largest independent tank storage provider for petroleum products, chemicals and gases worldwide. The company owns and operates 81 terminals in 23 countries within Europe, North and South America, Middle East, Africa, India as well as in Asia. Oiltanking has an overall storage capacity of 21 million cbm.
For media inquiries, please contact:
General Manager Oiltanking Antwerp Gas Terminal
Oiltanking Antwerp Gas Terminal N.V.
Tel.: +32 3 570 92 71
Nancy De Groof
Regional Director Commercial & Business Development
Tel: +32 3 561-1502 email@example.com