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's earnings buoyed by higher occupancy, capacity

Vopak posted a 24% increase in net profit in the first quarter compared with the corresponding period of last year, to €85 million ($91.3 million), on sales up 10%, to €349.5 million. Ebitda increased 15% year-on-year (YOY), to €206 million...

Lower fuel costs buoy Stolt-Nielsen's profits

Stolt-Nielsen reports first-quarter net profit of $38.8 million, up from $18.6 million in the corresponding period of 2014. Operating profit jumped year-on-year to $71.5 million from $45.8 million on revenue of $487.7 million, down from $516.7 million one...

Brazil's Santos port remains closed as terminal fire still rages

The port of Santos, Brazil, in the state of Sao Paulo, remained closed to traffic on 9 April because of an almost week-long fire that continues to burn at storage tanks there belonging to Groupo Ultra's Ultracargo (Sao Paulo) unit. The fire at the terminal...

Vopak's profits, sales rise; expects to hit Ebitda target one year early

Vopak says that its Ebitda excluding exceptional items increased 6% in the fourth quarter of 2014 compared with the corresponding quarter of the previous year, to €194 million. Operating profit excluding exceptional items increased 5% year-on-year (YOY)...

Oiltanking sells minority stakes in two European terminals to investment firm

Oiltanking (Hamburg) says that it has agreed to divest stakes of 45% in two of the company's tank storage terminals in northwest Europe, to 3i Infrastructure. The terminals are at Terneuzen, Netherlands and Ghent, Belgium. Financial terms of the deal have not...

Enterprise Products, Oiltanking Partners complete $5.9-billion merger

Enterprise Products Partners says the $5.90-billion merger of subsidiary Enterprise Products with Oiltanking Partners has been completed. Oiltanking shareholders approved the move on 13 February....

Odfjell's net loss narrows, no benefit yet from lower fuel costs

Odfjell reported a net loss of $18 million in the fourth quarter of 2014, an improvement on the $101-million net loss posted by the company in the corresponding period of 2013. Revenue declined year-on-year in the fourth quarter to $245 million from $256...

Kinder Morgan to acquire three terminals, site from Vopak for $158 million

Kinder Morgan (Houston) today intends to buy three terminals and one undeveloped site from Vopak for $158.0 million. The assets comprise a 36-acre, 1.0-million bbl storage complex at Galena Park, TX, that handles base oils, biodiesel, and crude oil; two...

Dow and RSA-Talke sign contract for storage of Sadara petchems

Dow and RSA-Talke have signed a contract for the storage of petrochemical products that will be marketed by Dow from Sadara Chemical Co., a joint venture of Dow and Saudi Aramco in Saudi Arabia. The joint venture for chemical logistics RSA-Talke is...

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