Monday, July 1, 2013

Glencore Building More European Oil Storage

You can never have enough storage, right?
From Tank Storage Magazine:

Sea-Invest and Glencore JV launch storage terminal
Terminal operator Sea-Invest and commodities dealer Glencore have inaugurated a new tank storage terminal in Antwerp harbour.

The two companies signed a 51/49 joint venture agreement in 2010 to build the €250 million facility. Located on a 28-hectare site, the terminal now features 40 large storage tanks and a 100m long landing.

From the new terminal Glencore will export its petroleum products, including biofuels, kerosene and diesel, around the world either using one of Sea-Invest's 28 coastal ships or on 150,000 tonne tankers.