STORAGE TERMINALS
27
Oiltanking’s parent, Marquard & Bahls, has meanwhile reported a “successful” 2015, with revenues of €12.6bn. “Te balanced risk mix between the long-term investment business and the more short-term oriented trading business proved itself again and resulted in a good overall performance,” says the company. Oiltanking also performed well, with “business in Europe, the Middle East and Asia showing a particularly positive development”, although its India-based EPC business did not fulfil expectations.
www.oiltanking.com
TAKEOVER IN TURKEY Yilport Holding has acquired Solventas Technical Storage, operator of Turkey’s largest independent bulk liquids storage terminal. Te facility will be incorporated into Yilport’s existing Gebze facility as Yilport Dilovasi Liquid Terminal, offering a combined storage capacity of 450,000 m3 for the handling of chemical products. Solventas was established in 1967 and
currently has 217 storage tanks with a combined capacity of 333,000 m3
, handling
a range of chemicals. Te acquisition is part of Yilport Holding’s plan to become one of the ten largest port operators in the world by 2025.
www.yilport.com
STOLTHAVEN ON THE UP Stolthaven Terminals has reported second quarter operating revenue of $59.9m, up from $54.3m in the previous period. Te company says this reflects higher utilisation and throughput at its Houston and Santos terminals and additional capacity in Singapore. Capacity utilisation averaged 90.5 per cent over the quarter, compared to 87.5 per cent in the previous period. Te joint-venture terminal in Lingang,
closed since the Tianjin explosion nearly a year ago, received a licence in June to allow
LEFT: STOLTHAVEN HAS RESTARTED PARTIAL OPERATIONS AT ITS LINGANG TERMINAL IN CHINA ABOVE: VARO ENERGY IS TO BUY THE ENVIEM FUEL TERMINAL IN THE HEART OF AMSTERDAM
it to resume partial operations and a permit to resume full operations is expected before the end of the year.
www.stolt-nielsen.com
ENTERPRISE HANDLES GAS EXPORTS Enterprise Products Partners has begun startup and commissioning of its new ethane export terminal at Morgan’s Point, Texas. Te plant is due to start up in the third quarter and ramp up to full production capacity of 200,000 bpd by mid-2017, coinciding with the delivery of new ethane carriers and the opening of ethane-fed crackers in Brazil, the UK and elsewhere. Te company also says that the existing
Enterprise Hydrocarbons Terminal (EHT) on the Houston Ship Channel has begun loading polymer-grade propylene (PGP), which is supplied directly from propylene fractionators and storage wells at Enterprise’s Mont Belvieu, Texas complex. “Our EHT facility provides us with the enhanced efficiency and additional capacity we need to meet the increased demand from our customers looking to export PGP, which is price advantaged due to the shale revolution,” says AJ ‘Jim’ Teague, CEO of Enterprise’s general partner.
enterpriseproducts.com
VARO BUYS IN AMSTERDAM Varo Energy has reached an agreement to acquire the 66,000-m3
Enviem fuel
terminal in Amsterdam, which is used to supply retail fuels to the Gulf and TinQ network in the Netherlands and Belgium. Enviem will continue to operate the adjacent waste management site and says it will sell its three barges to Interstream Barging. Varo says the deal will be “a further step in strengthening the company’s position
as an integrated logistics service provider to the downstream business across north- west Europe.”
www.varoenergy.com
GETTING TO WORK ON PIN OAK Pin Oak Terminals has signed EPC contracts for the tankage and docks at its new oil and chemicals storage facility under construction on the Mississippi River at Mt Airy, Louisiana. Smith Tank & Steel is to build more than 2m bbl of tankage for gasoline, gasoil, fuel oil and ethanol, while Massman Construction will build a dock for Suezmax tankers and up to six barge berths. Te work is due for completion in mid-2017. Pin Oak has also expanded its management team in preparation for the opening of the facility. Carlos Munguia joined in June as vice-president of operations, arriving from Kinder Morgan where he held a similar post for the group’s Midwest and Northern regions.
www.pinoakterminals.com
BENALEC LOOKS AT STORAGE Malaysia’s Benalec Holdings has been given government go-ahead to proceed with the second and third phases of the Tanjung Piai Integrated Petroleum & Petrochemical hub and Maritime Industrial Park (TPMIP) project on reclaimed land off the south-western coast of Johor. Te project will have 7 km of waterfront and natural water of up to 30 m, allowing ULCCs and Valemax bulkers to call. Benalec is also understood to have entered into an agreement with an international terminal operator to build and operate a major new oil storage terminal as part of the TPMIP project, which is located within the broader Pengerang Integrated Petroleum Complex.
en.benalec.com.my
WWW.HCBLIVE.COM
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