16
NEWS BULLETIN
STORAGE TERMINALS
OT SHIFTS FROM EUROPE TO ASIA
Oiltanking says it is “an advanced stage” in its strategic review of its European terminals and, alongside its partner 3i Infrastructure, has entered into an agreement to sell four of them to Evos. The divestment of the Amsterdam, Terneuzen, Ghent and Malta terminals is a result of Oiltanking’s continuous evaluation of and optimisation of its asset portfolio, in line with its Strategy 2025 plan. A final agreement on the sale is subject to employee consultation procedures in the Netherlands and Belgium, along with other customary conditions. Further announcements will be made in due course. In China, meanwhile, Oiltanking has signed a strategic alliance framework with local authorities in Huizhou covering the development of a world-class logistics and warehousing operation in the Daya Bay Petrochemical Industrial Park. The move follows the relocation of seven tanks within the park by Oiltanking, to optimise utilisation of the
HCB MONTHLY | SEPTEMBER 2021
available land. The tanks offer 33,000 m3 of storage capacity for petrochemicals. “This agreement provides an excellent opportunity to further grow the partnership with the Daya Bay government and support the advancement of the Daya Bay Industrial Park,” says Matti Lievonen, CEO of Oiltanking. “Furthermore, it lays the foundation for further expansion of Oiltanking in Daya Bay Industrial Park, hence strengthening Oiltanking’s presence in China.” And in Indonesia, Oiltanking Karimun and Matrix Global Holdings are to develop an auction programme for storage capacity at Oiltanking’s terminal on Karimun Island. Depending on the outcome of a feasibility study and traction from the market, the two companies aim to hold the first auction for fuel oil storage capacity before the end of this year. Oiltanking has already successfully used Matrix’s auction platform for jet fuel and ultra-low sulphur diesel storage at its Copenhagen terminal.
“By developing a digital auction platform for Oiltanking Karimun and partnering with Matrix, Oiltanking has achieved another important milestone in its digitalisation and innovation roadmap, thereby supporting Oiltanking’s vision of being the preferred partner in energy logistics,” says Andy Loh, head of commercial at Oiltanking Asia Pacific. “We will continue to develop innovative ways, together with partners, that will allow us to even better serve our valued customers around the world.” www.oiltanking.com ENTERPRISE ADDS ETHYLENE
Enterprise Products Partners has acquired a wholly owned subsidiary of NOVA Chemicals, which operates an ethylene storage operation and trading hub in Mont Belvieu, Texas. NOVA Chemicals, one of the largest merchant ethylene producers and marketers in the US Gulf Coast region, will remain a long-term customer for the facility.
