HES International has agreed to purchase the Valt Asphalt Terminal from Valt.
The bitumen terminal in Botlek Rotterdam delivers storage, handling and blending services to the European and African bitumen market.
During next year, HES plans to upgrade the terminal by investing in tanks and ancillary infrastructure.
Paul van Poecke, head of liquid bulk terminals at HES, says: 'This acquisition is in line with HES International's liquid bulk strategy to expand our storage footprint in Europe.
'The existing and potential future storage capacity can play an important role in meeting the increasing local and regional bitumen trade flows, in particular with IMO regulations, focussed on reducing sulphur levels in marine bunker fuels, kicking in by 2020.
'Besides the terminal is located close by our HES Botlek Tank Terminal and adjacent to European Bulk Services, both 100% subsidiaries of HES, providing significant levels of synergy.'
Storage for Mexico's new energy eraVenezuela's oil sector in tailspin A midstream first for Oman Redrawing the global oil & gas picture Regulatory update for US tank terminal operators A new leading European port Adaptable logistics for a changing market Boom time for storage in America Surviving hurricane season: preperation is key Storm preparation: flood risk and buoyancy hazards