Oiltanking Antwerp Gas Terminal N.V. has announced the signing of a long-term agreement with INEOS for the storage and handling of butane that will serve as feedstock for the INEOS cracker in Cologne. The terminal will therefore expand its capacity by almost 100%.
As part of the agreement, Oiltanking Antwerp Gas Terminal will make substantial investments to ensure the highest level of operational excellence, including the construction of a 135 000 m3 fully refrigerated butane tank – the largest in Europe.
Similar to the other cracker feedstock, naphtha, which Oiltanking already stores for INEOS under a long term agreement at Oiltanking Ghent, the butane cracker feedstock will arrive at the Antwerp terminal by seagoing vessel (up to very large gas carriers [VLGC] size) for intermediate storage. From there, it will be shipped by barges via the Rhine to the INEOS facility in Cologne. This storage and handling solution will provide INEOS increased flexibility and security of supply enabling INEOS to optimise the related supply chain.
Oiltanking’s acquisition of the Antwerp Gas Terminal last year was part of the company’s pro-active strategic reaction to changing global requirements for energy and feedstocks. Being integrated into the logistical chain of one of the world’s leading chemical companies fits perfectly in Oiltanking’s long term strategic plan.
Read the article online at: https://www.tanksterminals.com/storage-tanks/10032017/oiltanking-antwerp-gas-terminal-doubles-storage-capacity/