16 B ULK D ISTRIBUTOR
Ports & Storage
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A
n agreement has been signed between LBC Tank Terminals
and MEGlobal Americas, to build a new terminal in
Freeport, Texas.
The facility will be constructed adjacent to MEGlobal’s monoethylene
glycol (MEG) manufacturing plant and connected by pipeline. The
terminal will be located on property owned by MEGlobal Americas and
leased to LBC Freeport Terminal LLC. The process plant is to be
constructed 60 miles south of Houston at MEGlobal’s new Oyster
Creek site in Freeport.
LBC Freeport will be an integrated part of MEGlobal’s supply chain,
secured through a long term contract and pipeline connection. The
main products to be handled are monoethylene glycol and diethylene
glycol. On receipt of the necessary regulatory permits, construction
commenced in August 2017 and the terminal is planned to be
operational during 2019.
“We are delighted to enter into this agreement and partner with
MEGlobal Americas,” stated John Grimes, LBC’s regional business
president Americas. “With over 30 years of experience in handling
glycols, this project fi ts our portfolio and investment risk models and is
designed to optimise, build-out and expand our business.”
March/April 2018
ĞŶŝƚŚŝŶƚŽ,ĂŵďƵƌŐ
Z
enith Energy has signed an agreement to buy Shell’s
storage terminal in Hamburg, Germany.
Terms were not disclosed but the transaction is expected to close
in the fi rst half of this year.
The terminal is located in the Port of Hamburg, located on 55ha,
and serves as a refi ned product import and blending terminal in
North Germany with an expected storage capacity of over 480,000
cbm for gasoline, diesel and jet fuel; inbound and outbound ocean
vessel, barge, rail and truck, as well as pipeline connectivity in the
port. After transferring ownership to Zenith, Shell will remain a
signifi cant customer of the terminal.
“We are pleased to further Zenith’s geographic expansion with
the acquisition of these assets strategically located in Hamburg,
one of the world’s largest trading ports and a key terminal centre
for crude and refi ned products in Europe,” said Jeffrey R
Armstrong, Zenith’s CEO. “This is a natural progression in our
growth strategy and underscores our commitment to expand into
key European markets.”
The acquisition represents Zenith’s third terminal in Europe
following the purchase of terminal assets in Amsterdam from BP in
April 2016 and its acquisition of the Bantry Bay facility in West
Cork, Ireland from Phillips 66 in February 2015.
Zenith also operates a multi-product liquids terminal in Palermo,
Colombia, formed through a joint venture with Grupo Coremar in
2014.
In December 2017, Zenith Energy US completed its acquisition of
Arc Logistics, marking Zenith’s entrance into the US market.
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Hamburg is a key centre for crude and refi ned products in Europe
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A
egean Marine Petroleum Network started physical
supply operations on the Kiel Canal, Northern Germany,
in January 2018.
The operation is being managed by Aegean’s German subsidiary,
OBAST Bunkering & Trading GmbH, based in Rostock, in
partnership with local tank farm operator, UTG - Unabhängige
Tanklogistik GmbH.
UTG bought the tank farms in Kiel and Bremerhaven from
Oiltanking at the start of 2017.
The new station is located directly on the Baltic Sea entrance to
the Kiel Canal and represents an ideal physical supply station for
shipping transiting the canal and working in the wider regional
market. In Kiel, Aegean will deliver a full range of MARPOL-
compliant fuel grades including RMG 380, ULSFO-RMD 80 and
Gasoil DMA.
YOUR PLATFORM IN ASIA TO MEET THE
GLOBAL INTERMODAL MARKET
Aegean’s new bunkering station is located directly at the Baltic Sea entrance to the Kiel Canal
For more information, please call +44 (0)20 7017 5112
www.intermodal-asia.com
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