Independent tank storage operator Oiltanking has concluded purchase agreements for The Dow Chemical Companys Colombian Cartagena marine terminal and the Joliet, Illinois, US facility.
The facility in the Mamonal Industrial area, centre of the petrochemical and oil activities of Cartagena, comprises a total tank capacity of 9,300 m3 (58,500 bbls), a deep water jetty with 8.8m draft and land for expansions, which Oiltanking has planned.
It marks the companys first terminal location in Colombia.
The Joliet Marine terminal is located on the Illinois Waterway connecting the Great Lakes and the Mississippi River.
The terminal consists of 67 tanks at a total capacity of 44,600 m3 (280,000 bbls), with substantial land available for future expansions. The two docks for river barges, truck and rail car handling facilities, as well as the proximity to several national interstates and railway lines, make it a strategic location for distributing products to the wider Mid-Continent.
Oiltanking is the second-largest independent tank storage provider for petroleum products, chemicals and gases world-wide. The company owns and operates 65 terminals in 21 countries within Europe, North and South America, Middle East, and Asia, including India.
Oiltanking has an overall capacity of more than 14.5 million m3 (91 million bbls).