Vitol Tank Terminals will add significant capacity to its existing terminal business when it finalises the purchase of Petroplus Holdings Antwerp, Belgium, crude processing facility.
The $25 million (16.9 million) sale is to close in Q4.
This processing and storage
facility is well placed in the major refining and trading hub in North West Europe, Ian Taylor, president and CEO of Vitol, comments.
VTTI is active in nine countries across four continents, offering combined capacity of more than 4 million m3 worldwide.
By 2012, that capacity will have increased to over 8 million m3 through our proactive programme of expansion and construction.