03-07-2023
Oiltanking announces sale of its terminal in Copenhagen
The terminal has a storage capacity of 461,652 cbm and is strategically located at Prøvestenen island in the city of Copenhagen and provides storage and handling services for jet, road as well as marine fuels.
The divestment of the Copenhagen terminal is in line with the Oiltanking Group’s portfolio transformation program previously announced in November 2021. The terminal is well suited to support Mabanaft’s strategy as it adds another key location to Mabanaft’s existing network. It will enable them to expand their supply footprint in Europe and help them provide high-quality liquid fuel products to customers in the region.
“We sincerely thank our customers for the at times decades-long relationships and are convinced that they will continue to be in good hands with our affiliate Mabanaft. Having been established in the early 1970s as one of Oiltanking’s first international presences, we are glad to see that the terminal and its loyal and dedicated team continue their journey as part of the existing terminal network within our sister company Mabanaft” says Bas Verkooijen, CEO of Oiltanking.
“We are very happy to add this terminal and its dedicated employees to our network. Our focus will be to continue serving the loyal customers in the region and building on these existing relationships, while maintaining the highest safety and environmental standards there, and at all our terminals”, says Mabanaft CEO, Jon Perkins.
The sale has received all required third-party approvals and was completed effective 30 June 2023.
News Category:
-
Clariant's MegaZonE™ technology delivers strong performance at CNOOC's methanol plant
Clariant, a sustainability-focused specialty chemical company, today announced that its MegaZonE technology is delivering excellent performance on the methanol plant ...
23-07-2024
-
Borouge, ADNOC and Borealis agreement for speciality polyolefins complex in China
Borouge Plc, a leading petrochemicals company providing innovative and differentiated polyolefins solutions, today announced an acceleration of its growth plans in its ...
23-07-2024
-
ClearSign Technologies announces order for multi heater project for Texas petrochemical facility
ClearSign Technologies Corporation, an emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while ...
22-07-2024
-
Shell Blue Horizons project selects Blue ammonia technology from KBR
KBR announced today its blue ammonia technology has been selected by Shell for its Blue Horizons low-carbon hydrogen and ammonia project in Duqm, Oman. The facility will ...
22-07-2024
-
IPSMR® process technology delivers first LNG at New Fortress Energy’s Fast LNG project
Chart Industries Inc, a leading global solutions provider to clean energy and industrial gas markets, announces that its Integrated Pre-Cooled Single Mixed Refrigerant ...
22-07-2024
-
Linggu Chemical awards Stamicarbon contract to improve energy efficiency of a urea plant
Stamicarbon, the nitrogen technology licensor of MAIRE S.p.A, has been selected by Linggu Chemical Co. Ltd, a leading Chinese manufacturer of agricultural chemical products, ...
22-07-2024
-
McDermott selected for the first commercial green hydrogen and ammonia production facility
McDermott has been awarded an Early Contractor Involvement agreement from Abraxas Power Corporation for the Exploits Valley Renewable Energy Corporation project located ...
17-07-2024
-
ExxonMobil introduces Enable™ 1617 performance polyethylene
ExxonMobil today announced the launch of its Enable™ 1617 performance polyethylene (PE) grade. Ideal for thin-gauge hand wrap applications, the new resin is designed ...
17-07-2024
-
Rompetrol modernises delayed coking unit at Petromidia refinery
Rompetrol Rafinare, a KMG International Group member company, has recently finalized modernizing the Delayed Coking Unit of the Petromidia refinery, by implementing a ...
17-07-2024
-
Hexagon, the global leader in digital reality solutions, combining sensor, software and autonomous technologies, today announced the launch of HxGN SDx2, a cloud-native, ...
17-07-2024