A long-term agreement for the storage and handling of cracker feedstock, naphtha and gas condensate has been forged between Oiltanking Ghent and INEOS Europe.
Oiltanking will dedicate around 15% of its total existing capacity to the partnership, which will supply the INEOS plant in Cologne.
Oiltanking will make significant investments to ensure the highest level of operational excellence, including facilities such as vapour return lines, internal floating roofs and vapour recovery units as part of the terms of the agreement.
The cracker feedstock will arrive at the Ghent terminal via vessels for intermediate storage. It will then be shipped by barges via the Rhine River to the INEOS facility according to needs.