Varo Energy has completed the acquisition of Hydrocarbon Hotel (HCH), hydrocarbon product blending and storage terminal from Blue Ocean Associates.
The facility in the port of Amsterdam includes 11 tanks with a total capacity of more than 140,000 m3 connected through modern loading and mixing pump equipment.
Before this acquisition, Varo owned 50% of the shares in the terminal and was fully responsible for its operation. The facility is mainly used for the import, export, storage and blending of petroleum, biofuels and petroleum components.
CEO Roger Brown says: ‘The HCH is an important asset for the growth of our company in the ARA region. With this further acquisition we increase our strategic flexibility to better serve clients in the region and along the Rhine.’