Oiltanking Antwerp Gas Terminal has announced plans to double its storage capacity following an agreement with INEOS.
The agreement with INEOS for the storage and handling of butane, which will serve as feedstock for the INEOS cracker in Cologne. The facility will expand its capacity by almost 100%.
As part of the agreement, Oiltanking will make substantial investments including the construction of a 135,000 m3 fully refrigerated butane tank, which will be the largest in Europe.
The butane cracker feedstock will arrive at the Antwerp terminal by seagoing vessel, up to very large gas carriers (VLGC) for intermediate storage. It will then 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 the INEOS to optimise the related supply chain.
The company's acquisition of the Antwerp Gas Terminal in 2016 was part of the company's pro-active strategic reaction to changing global requirements for energy and feedstocks.
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