Chemtrade to Expand Rotterdam Terminal
Long term Agreement with Customer, Bayer MaterialScience AG
Chemtrade has agreed to expand its existing terminal facility at a cost of approximately EUR 3.5 million, increasing total storage capacity to 100,000 tonnes. In addition, Chemtrade has agreed to build an additional jetty for the loading and unloading of seagoing vessels and barges, thereby improving its ability to optimize the use of its facilities. The jetty expansion which is expected to cost approximately EUR 2.9 million will be financed by the Port of Rotterdam. Construction is expected to begin in the fall of 2007 and be completed by June 2008.
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