Oiltanking GmbH Acquires 100 Percent of Shares in Antwerp Gas Terminal N.V.

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By MarEx 2016-07-06 15:27:57

Oiltanking is proud to announce that it 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 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 harbors, 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.

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 already owns and operates 80 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.

The products and services herein described in this press release are not endorsed by The Maritime Executive.