- Zenith completed the acquisition of BP's Amsterdam terminal.
- Zenith will invest $100 million in the terminal.
- The terminal has over six million barrels of storage capacity.
- Stored products include gasoline, ethanol, middle distillates, biodiesel, kerosene, and LPG.
Acquisition Completion
Zenith Energy has finalized its acquisition of BP's Amsterdam terminal, a major liquids storage and handling facility located in the international port of Amsterdam. BP will remain a significant customer of the terminal.
Investment Plans
Zenith plans to invest approximately $100 million in the Amsterdam terminal. The investment aims to fully utilize the terminal's capacity for products and liquefied petroleum gas (LPG) storage.
Strategic Location
The Amsterdam terminal is strategically situated on the North Sea Canal in the Amsterdam, Rotterdam, and Antwerp (ARA) region. This area represents the largest concentration of refining capacity in Europe and is one of the world's largest refined product trading hubs.
Storage and Connectivity
The terminal boasts a storage capacity of over six million barrels for various products, including gasoline, ethanol, middle distillates, biodiesel, kerosene, and LPG. It features sophisticated blending capabilities and connectivity for ocean vessels, inland waterways, and trucks. The terminal can service oceangoing tankers up to 135,000 tons and has multiple berths for barges and ships. Additionally, there is significant room for expansion projects.
