Zenith Energy Buys Storage Terminal Facility in Amsterdam

Liquids and bulk terminaling company Zenith Energy has signed an agreement to acquire a liquids storage terminal facility in Amsterdam from BP plc.

Zenith expects to take ownership of the terminal by the end of Q1 2016, following a transition process. Terms of the transaction were not disclosed.

The terminal assets, located on the North Sea Canal in the Amsterdam, Rotterdam and Antwerp (ARA) region, have a storage capacity of more than six million barrels for gasoline, ethanol, middle distillates, biodiesel, kerosene and LPG with capabilities for sophisticated blending; connectivity for ocean vessels, inland waterways and trucks; deep draft to service oceangoing tankers up to 135,000 tons with multiple berths for barges and ships.

“We are pleased to acquire these terminaling assets, which have unique capabilities and are strategically located in the ARA region. We look forward to working with our new colleagues in Amsterdam and bringing our collective expertise together to the benefit of customers,” Jeffrey R. Armstrong, Chief Executive Officer of Zenith, said.