MOL Chemical Tankers and SEA-Invest are investing up to €400 million to build a chemical storage terminal in the Port of Antwerp.
The joint venture SEA-MOL, with 51% by SEA-Tank and 49% by MOL Chemical Tankers will secure 20.8 hectares of concession terrain located at the Delwaidedok in Antwerp from Antwerp Bulk Terminal. The JV will also entre into a concession agreement directly with the port for a further 24.4 hectares of land adjacent to this.
The dedicated liquid chemical storage terminal will serve as an efficient logistical hub for the storage, handling and added value activities for the petrochemical industry. This is in response to increasing requirements for chemical storage and added value activities in this sector in the region.
The terminal will be accessible for utilisation by all customers and shipping companies and access is guaranteed for sea-going vessels, barges, trucks and railcars. It will offer services such as blending, drum filling, filtration and ISO tank storage.
Through a phased investment SEA-MOL will build up to 500,000 m3 of storage for liquid chemicals, including organic, inorganic and base oils. The first phase is expected to be operational by mid-2021.
Jacques Vandermeiren, CEO of Antwerp Port Authority, says: 'This investment is further confirmation of our port's ability to attract major investors. It will also boost our position as one of the largest chemical clusters in the world. This is very good news for the port, and for our economy.'
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