Varo buys out Amsterdam ‘Hydrocarbon Hotel’

04.02.16. Varo Energy has completed its acquisition of Hydrocarbon Hotel (HCH), a product blending and storage terminal in Port of Amsterdam, from Blue Ocean Associates Ltd (BOA).
Prior to this, Varo already owned 50 percent of the shares in the terminal and was fully responsible for its operation.
Built in 2011 and operated by 11 employees on site, the facility includes 11 tanks with a total capacity of over 140,000 cbm connected through loading and mixing pump equipment. Three dedicated berths which are accessible from every tank at the terminal provide access for sea-going and inland vessels. HCH is mainly used for import, export, storage and blending of gasoline, biofuels and gasoline components.
Roger Brown, CEO of Varo Energy, commented: “The HCH is an important asset for the growth of our company in the ARA region. With this acquisition, we increase our flexibility to serve clients in the region and along the Rhine.”