Sea-Mol to Build a Tank Storage Terminal in Antwerp Port

PortIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

The Japanese group MOL Chemical Tankers, a member of Mitsui OSK Lines, is partnering with the SEA-Invest port group to build a tank storage terminal in the port of Antwerp.

The joint venture Sea-Mol is being set up for the purpose of constructing a tank terminal for liquid chemicals in the Delwaide dock with an investment budget of EUR 300 to 400 million (USD 351.4 to 468.6 million).

The tank terminal will be located on a 45 hectare site in the Delwaide dock. This is only part of the concession area for which the port authority issued a request for proposals in 2018.

A shortlist of six candidates was selected, one of them being Sea-Mol. Discussions with the latter were started with a view of making a concession agreement, while talks with the five others are ongoing aimed at making the best possible use of the remaining area.

“Our port continues to be very attractive for potential investors. There are various other large investment projects in the pipeline for which we hope to receive confirmation in the very near future,” Jacques Vandermeiren, Port Authority CEO, said.

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