Oiltanking GmbH

COMPANY PROFILE

2015

OILTANKING GMBH

+49 (0)40 370990 | www.oiltanking.com

The reliable storage partner for liquid bulk Editorial: Harriet Pattison

“Whether we are providing exceptional storage services, creating profitable outsourcing profits, or engineering successful joint ventures, you will find us wherever there’s a need for creative logistical solutions” – providing vital connecting services between the world’s oilfields and the users of derivative products, Oiltanking GmbH is recognised as the second largest independent tank storage provider for chemicals, petroleum products and gases worldwide.

A subsidiary of the leading petroleum and family-owned company that operates within the fields of trading, energy supply and logistics, Oiltanking GmbH, head-quartered in Hamburg, Germany, is a subsidiary of Marquard & Bahls. Standing as the second largest independent tank storage provider for chemicals, petroleum products

In July this year, Oiltanking GmbH announced the 100% acquisition of the shares of Vopak Chemicals Logistics Finland Oy, in a deal that will more than triple the company’s capacity in Finland alone.

It includes two terminals for the storage and handling of bulk chemicals and petroleum products located on the

Once the acquisition has been finalised, the terminals of both companies will be consolidated and so will form Oiltanking Finland Oy. The total storage capacity of the newly consolidated company will then increase to 257,100 cbm with 75 tanks ranging in size from 500 to 10,000 cbm.

Finland currently sits as one of the

and gases worldwide, Oiltanking now owns and operates 73 terminals in 22 countries, including Europe, North and South America, Africa, India, the Middle East and Asia, with an impressive storage capacity that has reached 19.4 million cubic meters (cbm).

South East coast of Finland, in Kotka and Hamina. With a combined capacity of 175,400 cbm, these will be added to Oiltanking’s existing terminal in the region, under the name of Oiltanking Sonmarin Oy, with a total storage capacity of 81,700 cbm.

key transit hubs for both the export and import of chemical and petroleum products in relation to Russia and other FSU countries. The acquisition of the new tank terminals, together with the existing well equipped with storage capacities, will aid in strengthening

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OILTANKING GMBH Oiltanking’s ability to service this market.

The terminals in Kotka are connected to two jetties – 10m and 13.5m draft – in Kotka and two others – 9m and 10m draft – in Hamina, enabling products to be received and loaded out by sea, tank containers, railtank cars and by trucks.

OIL STORAGE TERMINALS With clients including private and state oil companies, petrochemical companies, refiners and traders in petroleum products and chemicals, Oiltanking has established a long list of services including oil storage, chemical storage, dry bulk, EPC, biofuel storage and pipeline.

An international terminal company, Oiltanking now has deepwater terminals in Europe, Asia, North America and South America.

In recent years, the company looked to diversify its business into offering creative logistical solutions. Set to take over storage infrastructure, Oiltanking helps to add value with downstream processing services, offering specialised engineering services.

The company explains: “Whether we are providing exceptional storage

services, creating profitable outsourcing profits, or engineering successful joint ventures, you will find us wherever there’s a need for creative logistical solutions.”

Providing expertise in design, engineering and construction, Indian Oiltanking (IOT) is well-established in constructing state-of-the-art terminals across India, providing EPC services, it combines world class quality with efficiency and cost-effectiveness.

Looking to pursue projects in the Middle East and Asia regions, focusing on engineering consulting and terminal constructions and pipelines projects for a variety of energy supply industries, including; petroleum, petrochemical and power industries; IOT maintains a close association with Oiltanking to ensure world class standards are advocated across the board and throughout IOT Indian terminals.

SALDANHA BAY PROJECT In May this year, Oiltanking MOGS Saldanha (RF) (Pty) Ltd (OTMS) – a joint venture between OTGC Holdings (Pty) Ltd and MOGS (Pty) Ltd – responsible for the construction and operations of

the project, announced that detailed engineering works for the development and construction of its Storage Terminal in Saldanha Bay, had commenced. The new South African commercial crude oil blending and storage terminal, on completion, will have a total capacity of 13.2 million barrels (bbls) stored in 12 in-ground 1.1 million bbls concrete tanks situated in Saldanha Bay. A major milestone for the Saldanha Bay project, the start of the Front End Engineering Design (FEED) for the crude oil terminal highlights the significant progress that is being made with this project. This initial stage, scheduled to take six months, will include the earthworks, civil, mechanical and electrical components of the crude oil terminal and associated infrastructure which is due for completion in the first stage of 2017.

Located in the Port of Saldanha Bay, the crude oil terminal will be constructed and completed as a state of the art facility, meeting and adhering to the highest safety and environmental standards for such a project.

As part of the Environmental Impact Assessment (EIA), eight specialist

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studies were undertaken by independent experts and OTMS carried out a marine oil pollution control study to ensure all potential environmental risks were addressed.

Continually looking to grow and upgrade its services and storage capacity, Oiltanking explains: “To further improve our shareholders value we continue to employ a strategy of controlled growth of our tank terminal-based service network through acquisitions, new buildings and upgrading of existing facilities.”

NEW STEEL STORAGE CAPACITY Back in October 2013, LyondellBasell and Oiltanking Stolthaven Antwerp finalised a new chemical storage pact, signing a ten-year agreement pertaining to the storage and handling of Glacial Acetic Acid (GAA) and Vinyl Acetate Monomer (VAM) in Antwerp. The agreement sees Oiltanking Stolthaven investing in rail loading infrastructure in

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Antwerp and new stainless steel storage capacity.

“GAA and VAM are industrial chemicals that are in high demand.

Europe has an increased need for these imports. This agreement allows us to solidify our commitment to the European acetyls market and continue to serve our customers’ needs far into the future,” said Justin Hommes, Marketing Manager, Acetyls and BDO-Derivatives of LyondellBasell in Europe.

It was also announced in August this year that the Brazilian firm, Prumo Logistica, has sold 20% of its stake in the oil terminal in the port of Acu in Rio de Janeiro, a port it initially developed, for an estimated $200 million to Oiltanking.

Located in the municipality of Sao Joao da Barra, Prumo constructed the $2.4 billion Port of Acu following many years of delays. Today, German buyer Oiltanking of Hamburg rates the full terminal at $1 billion - 1.5 times the market value of Prumo.

Oiltanking will manage the oil

operations at the terminal, expected to commence later next year, following the new deal. The company’s contract will see an estimated 200,000 barrels a day of petroleum that BG will produce in Brazil’s offshore Santos Basin.

And as production grows as a result from deepwater deposits off the coast of Brazil, the port will benefit substantially – with a capacity to transfer up to 1.2 million barrels a day of petroleum and the ability to handle very large crude carriers (VLCCs).

EXPANDING SUCCESSFUL PARTNERSHIPS Following these recent upgrades and acquisitions, Oiltanking chooses to develop partnerships to increase its strength and capabilities across other areas, as oppose to expanding into new business territories.

“We see partnerships as a means to build our capabilities while remaining focused on our core business. And, while we expand, we’re always careful to grow

OILTANKING GMBH within the boundaries of our human and financial abilities.

“We’ve already established several many excellent partnerships worldwide.

Our role in each one varies, depending on the strengths of the partner involved – from expertise to supplying capital to providing human resources,” the company explains.

In commitment to this, Oiltanking announced earlier this year the expansion of its existing partnership with 3i Infrastructure plc, following an agreement to sell a minority shareholding of 45% in Oiltanking Terneuzen BV, in the Netherlands and Oiltanking Ghent BV, in Belgium.

Located in the ARA region, both terminals are situated in one of the world’s major hubs for petroleum products and chemicals. A state-of-the art terminal in the Netherlands, Oiltanking Terneuzen offers storage infrastructure for petroleum products and chemicals

– disposing of a total capacity of an estimated 500,000 cbm, it provides access to important and international rail and road networks.

One of the largest independent storage terminals for petroleum products, chemicals and biofuels in Belgium, Oiltanking Ghent stands with a total capacity of more than 1 million cbm.

Connected to the Central European Pipeline System (CEPS), the terminal is also favourably located next to prominent road and rail connections and berths for barges and seagoing vessels.

Listed on the London Stock Exchange, 3i Infrastructure is a close-ended investment company and long-term investor in infrastructures assets and businesses. Following its acquisition in 2007 of a 45% stake in three Oiltanking terminals – Malta, Singapore and Amsterdam – 3i Infrastructure has maintained its

reputation as a strong and reliable partner.

Following this announcement, Oiltanking, as the majority shareholder, will continue to manage and operate both terminals. Helping to fund the company’s world-wide growth of its independent storage terminal network, Oiltanking will ensure that the terminal organizations at both the Netherlands and in Belgium will remain unchanged and the strategy of an independent liquid storage provider will continue.

Offering creative and effective solutions for businesses has helped to place Oiltanking in a truly advantageous and prominent position within the industry.

“The Oiltanking name has become synonymous with trusted performance in the handling of bulk liquids – whether in the oil-derivatives or chemicals markets – and we want to maintain and expand that reputation.”

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