Alkion Terminals has bought a bulk liquid tank terminal in Italy from ENI.
Alkion will be the sole owner and operator of Alkion Terminal Vado Ligure in Savona. It benefits from a strategic seafront location and is connected by pipeline to the Trecate Refinery.
The company says it is committed to invest further in the modernisation and expansion of the facility's storage capacity and infrastructure.
Rutger van Thiel, CEO at Alkion Terminals and partner at Coloured Finches, says: 'We look forward to continue serving the European petroleum and chemical industry at our ten Alkion terminals and to pursue our ambition to further expand the Alkion network into Europe.'
The company was established in 2016 as a new terminal operator focusing on Western Europe. It is creating a network of terminals that perform a primary role in the hydrocarbon downstream and other liquid bulk logistics value chain.
Expanding Oiltanking's footprint in North AmericaThe Trump effect Who's steering the ship? Expanding into new storage opportunities Unleashing America's energy Resurgent petroleum industry driving storage requirements Finite element analysis in cryogenic and refrigerated tank storage design Optimising tank terminal operations: from insight to digitalisation How to avoid building a new 10-year-old terminal Plastic tanks: Farewell to 'fit and forget'