Rubis, Intercontinental Terminals Company and Mitsui have announced a joint venture to construct a new bulk liquid chemical terminal in the port of Antwerp, Belgium.
The new 110,000 cbm terminal will be built for the storage and handling of liquid chemicals, gases and petroleum products.
France-based terminal operator Rubis will own 50% of the shares in the joint venture with Mitsui & Co., Europe (Mitsu) a comprehensive trading, investment and service enterprise, and Intercontinental Terminals Company (ITC), which will jointly acquire a 50% share. The company will be renamed ITC Rubis Terminal Antwerp S.A.
Construction of the first phase will start in 2008 and operations are due to commence in late 2009. The terminal will have a deepwater jetty with six berths capable of handling large size chemical tankers, coasters and barges. The terminal will have the required rail and truck handling facilities and is authorised to handle a wide range of chemical liquids and gases.
'Along with our existing position in northern Europe, this alliance will provide Rubis with a true international scope and will substantially increase our customer base,' Rubis Terminal CEO Olivier Mistral comments.
The terminal will be located on the Schelde river. With time, the joint venture intends to expand the facility to a total capacity of 400,000 cbm.
Intercontinental Terminals, a subsidiary of Mitsui & Co. (USA), owns and operates a 1,600,000 cbm (10,000,000 barrels) bulk liquid storage terminal for petrochemicals and chemical gases in Houston, Texas. With over 200 tanks, five ship docks, 10 barge docks, extensive rail and truck handling facilities as well as multiple pipeline connections.
Rubis specialises in the storage of liquid industrial products through its subsidiary Rubis Terminal (1,800,000 cbm in France and Rotterdam) and in the distribution of gas (butane and propane) through Rubis Energie.