Zenith Wraps Up Amsterdam Terminal Purchase
Image Courtesy: Port of AmsterdamLiquids and bulk terminaling company Zenith Energy has completed the acquisition of a liquids storage and handling facility located in the international port of Amsterdam from BP plc.
Zenith said that it plans to invest approximately USD 100 million in the Amsterdam terminal, with the goal to fully utilize its capacity for products and liquefied petroleum gas (LPG) storage.
“This transaction is a significant step forward for Zenith and places us at the center of a key geographic region for the energy industry,” Jeff Armstrong, President and Chief Executive Officer of Zenith, said.
The Amsterdam terminal, located on the North Sea Canal in the Amsterdam, Rotterdam and Antwerp (ARA) region, has a storage capacity of more than six million barrels for gasoline, ethanol, middle distillates, biodiesel, kerosene and liquefied petroleum gas with capabilities for sophisticated blending.
