IHS Chemical Week
STORAGE

Sabic Signs Feedstock Storage Agreement with Oiltanking Stolthaven

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...

Petronas, Sinopec consortium ink warehouse agreement for Johor petchem project

September 30, 2016 | Sok Peng Chua

Petronas (Kuala Lumpur, Malaysia) has concluded an agreement for the engineering, procurement, construction, and commissioning (EPCC) of an automated storage and retrieval system (ASRS) warehouse for its petrochemical plants in the Pengerang Integrated...

Odfjell's earnings, sales sink on rough conditions in tanker markets

August 25, 2016 | Ian Young

Odfjell SE (Bergen, Norway) reports a year-on-year (YOY) decline in second-quarter earnings and sales, citing tough conditions in chemical tanker markets. Second-quarter net profit was $16 million, down YOY from $24 million, on revenue of $241 million...

Vopak net profit surges in the first half of the year driven by higher occupancy rates

August 19, 2016 | Francinia Protti-Alvarez

Royal Vopak (Rotterdam, the Netherlands) reported €407 million ($460.6 million) in net profit during the first half of the year, just under 2.5 times higher than a year earlier. EBITDA excluding exceptional items grew close to 3% year-over-year (YOY) and...

Methanol storage tank explodes at Rotterdam, no injuries reported

July 20, 2016 | Francinia Protti-Alvarez

An explosion occurred in a methanol storage tank at Caldic Chemie's (Rotterdam, Netherlands) site at Europoort in the port of Rotterdam on 19 July at 19.18 local time, the company announced. The incident occurred while unloading methanol from a ship to the...

Vopak agrees to run Chevron terminal long term in Panama, approved to build terminal

July 14, 2016 | Francinia Protti-Alvarez

Royal Vopak (Rotterdam, Netherlands) has reached a long-term agreement to manage and operate Chevron Corp.'s 509,000–cubic meter (Mcm) tank storage terminal at Bahia Las Minas, Panama. Chevron remains the terminal's owner. The agreement is expected to...

IFC approves loan for fertilizer port terminal project in Nigeria

July 12, 2016 | Francinia Protti-Alvarez

International Finance Corp. (IFC; Washington, DC), part of the World Bank Group, has approved a $73.5-million loan for developing a multipurpose terminal at the Onne Port complex near Port Harcourt, Nigeria. The port terminal will enable the export of...

EU investigates tax exemptions for ports in Belgium and France

July 11, 2016 | Ian Young

The European Commission has opened in-depth investigations to verify if corporate tax exemptions granted under Belgian and French law to ports' economic activities are in line with the European Union's state-aid rules and whether they give an advantage over...

Oiltanking acquires Antwerp storage firm

July 7, 2016 | Ian Young

Tank storage company Oiltanking GmbH (Hamburg, Germany) says that it has acquired Antwerp Gas Terminal, one of Europe's largest independent providers of tank storage services for petrochemical gases and liquefied petroleum gas. Financial terms of the deal...

Lanxess completes phosphoric acid tank storage expansion at Leverkeusen

June 7, 2016 | Francinia Protti-Alvarez

Lanxess has expanded its phosphoric acid ester plant storage capacity at the Leverkusen complex, investing about €8 million ($9.1 million). The new storage facility for liquids consists of six 150-cubic meter tanks, giving a total volume of 900 cu...

Vopak divests its stake in terminals in Japan

May 31, 2016 | Deepti Ramesh

Vopak announced on 31 May that it has divested its 40% ownership in the joint venture Nippon Vopak Co. to Macquarie Asia Infrastructure Fund. Nippon Vopak owns and operates five terminals in Japan with a combined operational capacity of 203,200 cu meters. The...

One dead after explosion at China chemical storage site

April 25, 2016 | Francinia Protti-Alvarez

One firefighter lost his life after a fire broke out at a chemical storage site at Jiangsu Deqiao Storage's (Jingjiang, China) site at Jingjiang, Jiangsu Province, on 22 April, the official Xinhua news agency reports. The fire burned for 16 hours before...

Stolt-Nielsen reports lower profits, revenue on lost operating days

April 8, 2016 | Ian Young

Stolt-Nielsen reports net profit attributable to shareholders of $30.4 million for its fiscal first quarter, ended 29 February, down from $38.7 million in the corresponding quarter of the previous year, on revenue of $464.0 million, down from $487.7 million...

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