Port Finance International Events - covering global port developments

Search site

RSS
Thursday, 05 October 2017

Multimillion euro investments planned for Port of Antwerp

More than one million m3 of storage capacity is planned for a new terminal as a wave of investment targets the Port of Antwerp.

Totseanergy, the new joint venture by Total and the SEA-Invest group, will invest €100 million in the new Totseanergy Terminal at the head of the Hansa dock and the 6th harbour dock.

The project comprises eight new tanks with a capacity of 20,000 m3 each, three additional loading and unloading bays and a pipeline between the terminal and Total's refinery. The port authority will increase the depth alongside the quay to 15.5 meters.

This additional investment will give Total a combined capacity of more than 100 million m3 in 2019.

Port executives say in a statement: 'In more recent years, together with SEA-Invest, Total has played a significant role in doubling the volume of liquid bulk handled by the port. The current investment will give the refinery greater flexibility and enable it to operate more efficiently. The new tanks will take up around a quarter of the space available in the terminal, leaving plenty of room for further expansion.

'This choice by Total and SEA-Invest once more confirms the strategic position of Antwerp as a petrochemical hotspot, demonstrating the strong belief by industrial and logistics operators in the value of having a long-term presence in the port.'

Earlier in September, Antwerp Terminal and Processing Company (ATPC) broke ground for the construction of a LPG/ethane tank storage facility of 30,000 m3. The tanks are specially designed for storing ethane, propane, butane and derived products.

The terminal expects the capacity to come into operation by the middle of 2018.

Additionally, chemical company Evonik plans to invest tens of millions of euros in expanding its production capacity for special silica.

October 4, 2017 by Tankstoragemag

ABOUT US

Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

Follow us

Newsletter

Sign up for our free newsletter