BP’s Pernis storage terminal, with a capacity of 200,000 m3, has been sold to Koole Terminals.
The site comprises the terminal, a tank truck loading facility and a jetty, directly adjacent to one of Koole Terminals’ existing sites in Rotterdam.
It is connected through a pipeline with BP’s refinery in Europoort and BP will partly lease back the storage and truck loading rack capacity under long-term agreements.
The sale does not affect personnel. Koole Terminals CEO John Kraakman says: ‘The expansion of Koole Terminals through the acquisition of BP’s site in Pernis is in line with our ongoing strategy to grow together with our customers, in this case regarding storage and distribution of petrol and diesel.
‘We are not only acquiring additional storage capacity but also further available land supporting our future expansion plans. Overall, the transaction substantiates our long-standing relationship with BP.’
BP Raffinaderij Rotterdam director Emilio Marin adds: ‘We are very pleased with the transaction; it allows the refinery to continue pursuing its strategic vision, which is to focus on the activities in the Europoort refinery as margins are currently under pressure in the European market.’
Closing is expected to take place next month.