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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Kinder Morgan earnings gain 40% on increased oil, NGL production

Kinder Morgan Energy Partners today reported third quarter net income of $976 million, an increase of 40% from the year-ago quarter.  “Growth was led by outstanding results at Tennessee Gas Pipeline (TGP), increased oil and NGL production at...

Belarusian Potash signs contract for storage and handling at Brazilian port

Belarusian Potash Co. (BPC; Minsk) has signed a contract with Rocha Terminais Portuários e Logística (Paranaguá, Brazil), covering potash storage and cargo handling at the Port of Paranaguá, including leasing customs warehouses in...

Canpotex to expand Portland potash export terminal

Canpotex (Saskatoon, SK), a potash export cartel, says that it is expanding its potash export facility at the Port of Portland’s (Portland, OR) marine terminal 5. Canpotex, through its wholly owned subsidiary Portland Bulk Terminals (PBT), is investing...

Ineos and ADPO sign logistics cooperation agreement for port of Antwerp

Ineos and ADPO (Beveren, Belgium), a logistics provider specializing in liquid bulk, have signed an agreement that will give ADPO's new terminal water access to the river Scheldt, via the existing jetty at Ineos' phenol operations at Antwerp. The...

Vopak completes acquisition of China terminal stake

Vopak says it has finalized the previously announced acquisition of a 30% stake in Zhangzhou Gulei Haiteng Jetty Investment Management Co. from Xianglu Petrochemical Zhangzhou Co. The business has been renamed Vopak Terminal Haiteng. It consists of an...

Pembina buys Vantage pipeline, plans $500-million propane export terminal at Portland

Pembina (Calgary, AB) has chosen Portland, OR, as the site for a $500-million, 30,000-bbl/day propane export facility. The company has also agreed to acquire the Vantage pipeline system and Mistral Midstream’s share of the Saskatchewan Ethane Extraction Plant (SEEP) for a total of $650 million....

Strong euro dents Vopak's profits

Vopak posted a 15% fall in net profit for the first half of 2014 compared with the corresponding period of last year, to €138 million, on flat sales of €647 million. Ebitda declined 5% year-on-year, to €366 million, and operating profit dropped...

Wacker opens logistics facility in India

Wacker Chemie opened today a logistics facility at the company's production site at Amtala, near Kolkata, India, the company says. The high-bay warehouse has capacity for 5,000 pallet spaces and will be operated by Wacker Metroark Chemicals (WMC; Kolkata), a...

Vopak to divest about 15 tank terminals following strategy review

Vopak says it plans to divest about 15 tank storage terminals, primarily smaller terminals, that together contribute about 4% of group Ebitda. The restructuring is an outcome of a business and strategy review anounced by Vopak in December 2013. Vopak says...

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