October 2005

Oiltanking Opens New Terminal at Valuepark Terneuzen

On October 23, 2002, Dow Benelux NV and Oiltanking GmbH sign a 15-year storage agreement, leading to the construction of a new chemical storage terminal on the Mosselbanken, a 110-hectare site located near the mouth of the river Schelde.

In October 2005, Oiltanking Terneuzen BV commissions its new 156,000 cbm terminal for petroleum products and liquid chemicals at Valuepark Terneuzen in the Netherlands. The estate, situated in the Braakman Polder near the Mosselbanken and the Dow site, is being developed specifically for the chemical industry and its suppliers, which facilitates a lot of synergies. With the terminal’s convenient location close to the sea and excellent road and rail connections, the terminal is accessible for vessels up to 60,000 dwt, with drafts up to 12.8 m. Oiltanking Terneuzen features a total of 24 cup tanks (tank in tank), all equipped with direct connections to the jetties and the loading facilities for tank trucks and rail cars.

Regarding environmental protection, Terneuzen is a near-zero emissions terminal. All vapors created are recycled, and waste is minimized. All tanks are environmentally friendly “double hulled” cup tanks, ensuring a high level of safety and low emissions.

Terneuzen is Oiltanking’s third chemical operation in the Schelde area, complementing its existing facilities in Antwerp and Ghent. This investment of 70-million euros is made to satisfy the demands of the growing chemicals business in the ARA (Antwerp/Rotterdam/Amsterdam) region and to have a state-of-the-art independent terminal in this important industrial area.