Liquids and bulk terminaling company Zenith Energy completed its acquisition of a world-class liquids storage and handling facility located in Amsterdam’s port from BP Plc (NYSE: BP), where BP is a major customer, Zenith said April 26.
Zenith will invest about $100 million in the Amsterdam terminal and will store petroleum products and LPG.
The terminal is on the North Sea Canal in the Amsterdam, Rotterdam and Antwerp (ARA) region, which has Europe’s largest concentration of refining capacity; ARA is also one of the largest refined product trading hubs globally.
The Amsterdam terminal can store more than 6 million barrels of gasoline, ethanol, middle distillates, biodiesel, kerosene and LPG. There are also blending capabilities and connectivity for ocean vessels, inland waterways and trucks, and deep draft to service tankers up to 135,000 tonnes with multiple berths for barges and ships. There is also room for expansion.
Zenith Energy is based in Houston.
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