Largest LPG tank in Europe coming to Antwerp
The chemical company INEOS is to build Europe's largest LPG storage tank at the Port of Antwerp.
INEOS recently signed a contract for this with the tank storage company Oiltanking from Hamburg, which last summer gained full control over the Antwerp Gas Terminal (AGT), already one of the largest LPG and petro-chemical gas terminals in Europe.
The new storage tank is expected to be operational on the AGT site in Antwerp in 2019. It will offer a capacity of no less than 135,000 cubic metres and have the ability to store its entire contents at low temperatures.
The new tank is essential for the stocks of butane gas supplied by large ships from the United States and other world markets. The company will then be able draw on this supply for its factories in Köln (Germany), and perhaps its site in Lavéra (France) at a later stage.
INEOS is the world's second-largest chemical company and is led by British businessman James Ratcliffe. The company, which boasts facilities in 16 countries and employees a total of 17,000 staff, is headquartered in Lausanne (Switzerland).