SABIC Signs Long Term Storage Agreement with Oiltanking Stolthaven Antwerp

07-Oct-2010 - Netherlands

At the annual meeting of the European Petrochemical Association (EPCA) in Budapest, SABIC signed a long-term contract with Oiltanking Stolthaven Antwerp NV for storage services. The agreement, which will go into effect in 2013, will ensure an uninterrupted supply of feedstocks to SABIC’s two major naptha cracking facilities in Geleen, The Netherlands. Oiltanking Stolthaven Antwerp, based in Belgium, will provide state-of-the-art storage with zero-emission tanks that exceeds Belgian environmental regulations, helping SABIC to ensure a sustainable supply chain. Next to that, a new jetty will be constructed facilitating insuring a very reliable service.

“This strategic agreement is an important aspect of SABIC’s new initiative to streamline the logistics of our global supply chain, thus enabling us to respond more quickly to changing customer needs,” said Yousef Al-Zamel, Executive Vice-President Chemicals, SABIC. “At the same time, we are pursuing investments and partnerships, such as the one with Oiltanking Stolthaven, which increase the sustainability of our supply chain. New vapour-recovery storage tanks in Antwerp, high-efficiency, large-capacity tankers and a pipeline with the latest safety features result in an end-to-end supply system that ranks among the most efficient and environmentally responsible in the world.”

Oiltanking Stolthaven Antwerp is a joint venture between Oiltanking GmbH and Stolthaven Terminals B.V. operating an independent terminal in Antwerp handling petroleum products, chemicals and gases.

https://www.chemeurope.com/en/news/123985/sabic-signs-long-term-storage-agreement-with-oiltanking-stolthaven-antwerp.html