38 STORAGE TERMINALS
NEWS BULLETIN
STORAGE TERMINALS
OILTANKING PLANS JOLIET SALE
Oiltanking has agreed to sell its Joliet terminal, located in Channahon, Illinois to regional terminal operator Omega Partners. The transaction is expected to close in the third quarter. Although Oiltanking is continuing to develop its North American network, it sees the Joliet site – which has a tank capacity of 44,600 m3 and primarily handles specialty chemicals and biofuels – as a poor fit with its overall context. The sale is also part of Oiltanking’s Strategy 2025, under which it is continuously evaluating and optimising its global terminal portfolio. “Since the acquisition of the facility in 2009, Oiltanking and the local team in particular have done a tremendous job of continuously improving operational performance and customer satisfaction. We are pleased to hand over the terminal to a strong US player with proven experience in terminal operations and who recognises the capabilities and potential of this facility,” says Jerry Hardman, vice-president, business development Americas for Oiltanking.
Omega Partners, based in St Louis, Missouri, owns and operates bulk liquid petroleum terminals in Illinois, Florida, Georgia, South Carolina, Nevada and Kentucky. Its customer base comprises major and independent oil, distribution, trading, chemical and agriculture companies. www.oiltanking.com www.omegapartnersllc.com NNOAT FILLS UP
Noord Natie Odfjell Antwerp Terminal has completed construction of a new tank pit, offering 12,700 m3 of capacity in seven stainless steel tanks and taking overall capacity at the site up to 390,000 m3. The new tank pit is part of the company’s ongoing expansion programme at the site, which handles a wide range of chemicals and base oils. www.noordnatie.be TERQUIMSA TANKS FOR TARRAGONA
Vopak Terquimsa has begun a €14m construction projects at its terminal in Tarragona, Spain, which
will add 17,000 m3 of new tankage in four tanks and take total capacity up to more than 470,000 m3. “We want to continue reinforcing our leading position in Tarragona,” says CEO Eduardo Sañudo. “Tarragona is a strategic enclave at European level when we talk about the storage of chemical products”. The work, expected to take 10 months to complete, marks the third phase of the expansion of the concession in the Chemical Dock at Tarragona and coincides with Terquimsa’s 50th anniversary. www.vopakterquimsa.com ODFJELL PLANS FOR THE FUTURE
Odfjell has revealed details of its planned buildout of Odfjell Terminals Houston, where three tanks are currently being brought back into service. A final investment decision will be made “shortly” on the second phase, which will involve construction of up to 35,000 m3 of new tankage for speciality chemicals, likely to be in service in 2022. A third phase, involving development of adjacent land known as ‘The Point’, could involve up to 165,000 m3 of new capacity for speciality chemicals; a final investment decision on this work depends on securing an anchor customer, Odfjell says, with construction likely to take place between 2022 and 2026. Odfjell has meanwhile sold its 50 per cent stake in the 119,200-m3 chemical terminal in Dalian, China. VTTI paid $59m in the deal, which marks its first foray into China and broadens its chemical storage portfolio, “unlocking further growth opportunities”, as it says. The Port of Dalian Authority retains the remaining 50 per cent share. Odfjell had earlier signalled that it was considering exiting China along with the departure of its former investment partner Lindsay Goldberg. www.odfjell.com MAASTANK PLANS BOTLEK EXPANSION
The Dekker Group has announced plans to expand its Maastank terminal in Rotterdam, having renewed its existing lease in Botlek and signed a contract to take adjacent land. This will allow Maastank to double capacity to some 140,000 m3 over the coming years.
HCB MONTHLY | JULY 2020
