The contract for the expansion of Botlek Tank Terminals tank storage capacity in Rotterdam, the Netherlands, from 11,000m3 to 200,000m3, has been signed on 18 March.
The expansion involves the construction of 130,000m3 storage tanks for mineral oils and 70,000m3 storage tanks for vegetable oils or biodiesel.
More than 50% of the new storage capacity is already covered by long-term contracts with customers.
The Polish company Polimex-Mostostal from Warsaw, which has ample international experience with tank building, has been awarded with the construction of the first phase of an ambitious expansion plan. The first phase involves an investment of about 70 million.
Financing arrangements have been made with Rabobank Rotterdam.
According to the current schedule, construction work will start in Q2 2010 and will be completed in Q4 2011.
All permissions have been obtained. In Q4 2009 a start was made on the demolition of the existing facilities to make room for the new capacity. Currently the 44-year-old grain silo is being demolished.
Talks with Rotterdam Port Authority on filling in part of the port, so that the size of the existing site can be doubled in the second phase, have reached an advanced stage. After completion of this phase, BTT will have more than 500,000m3 of storage capacity in some years time, with tanks ranging from 2,000 to 17,000m3, capable of storing a varied package of liquid bulk products, including mineral oils, ethanol, vegetable oils and (bio)diesel.
Currently, BTT is already capable and certified to tranship board-board class 1-3 products and edible oils fast and efficiently. For this purpose, BTT has a jetty with a length of 420 metres, 4 berths and a draught of 13.65 metres.