IHS Chemical Week
STORAGE

Sabic Signs Feedstock Storage Agreement with Oiltanking Stolthaven

7:15 AM MDT | October 5, 2010 | Natasha Alperowicz

Sabic says it has signed a long-term agreement with Oiltanking Stolthaven Antwerp covering storage services. The contract, signed yesterday at the European Petrochemical Association meeting in Budapest, will go into effect in 2013. It will ensure an...


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Vopak, Petronas, Dialog to partner in tank storage terminal for Rapid complex in Malaysia

Petronas, Dialog Group (Petaling Jaya, Malaysia), and Vopak have decided to develop and operate a tank terminal at Pengerang, Malaysia, that will serve Petronas's previously announced, world-scale Refinery and Petrochemicals Integrated Development (Rapid)...

Australian firm signs potash export MOU with port authority in Spain

Highfield Resources (West Perth, Australia) has signed a memorandum of understanding (MOU) with the port authority of Passaia/Pasajés, northern Spain, the company announced today. The MOU provides a nonbinding commitment of port capacity for all of the...

Management completes buyout of Vos Logistics

The management of logistics service provider Vos Logistics (Oss, Netherlands) and Scheybeeck Investments (Beverwijk, Netherlands) have together completed the previously announced acquisition of Vos Logistics. Completion follows approval of the deal by the...

Stolt-Nielsen founder retires from company's board

Jacob Stolt-Nielsen will retire from the board of Stolt Nielsen Ltd. (SNL) on 15 December, 55 years to the day since he founded the company. He will continue as honorary chairman of SNL. Stolt-Nielsen, 83, conceived the innovative designs that led to the...

Oiltanking appoints new leadership

Oiltanking (Hamburg) will have new joint leadership consisting of two managing directors, effective 1 January. Koen Verniers, currently president/Asia/Pacific, will be responsible for Asia/Pacific, China, India, and Mideast and Africa. Daan Vos, currently...

Tank storage firm appoints Stolt-Nielsen executive as CEO

LBC Tank Terminals (Paris), the international bulk liquid storage company has announced the appointment of Walter Wattenbergh as its new CEO as of April 2015. Wattenbergh joins LBC from Stolt-Nielsen, the international transportation and bulk liquid storage...

Borouge establishes additional warehouse in Singapore, appoints logistics provider

Borouge has established a new Asia regional warehouse in Singapore to support its global growth, the company announced today. “Our new Asia regional warehouse is designed to cater for the massive volume increase coming onstream from the new Borouge 3...

Enterprise, Oiltanking reach merger agreement

Enterprise Products Partners and Oiltanking Partners have concluded the agreement that will merge the two companies, under a $6-billion deal announced on 1 October. Each share in Oiltanking will be exchanged for 1.3 shares in Enterprise, a 10.4% premium based on closing prices on 10 November, says Enterprise. Enterprise expects the merger to be completed in early 2015....

Vopak posts higher earnings, raises outlook

Vopak posted third-quarter Ebitda excluding exceptional items of €202 million, up 9% from the corresponding period of last year, on revenue up 6%, to €338 million. Ebit excluding exceptional items grew 7% year-on-year (YOY) in the third quarter, to...

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