Zenith grabs BP Amsterdam site

04.02.16. Zenith Energy has struck its second deal in Europe in a year with the purchase a terminal in Amsterdam, The Netherlands from BP. Zenith expects to take ownership of the terminal by the end of the first quarter, following a transition process.
Terms of the transaction were not disclosed.
The terminal is located on the North Sea Canal and has storage capacity of more than 6 million barrels for gasoline, ethanol, middle distillates, biodiesel, kerosene and LPG with capabilities for blending; access for ocean vessels, inland waterways and trucks; and deep draft for tankers up to 135,000 tons with multiple berths for barges and ships.
Zenith said the facility also significant room for expansion and is an approved delivery point for ICE gasoil futures contracts. BP will remain a significant customer of the terminal after transferring ownership.
In February 2015, Zenith’s acquired the Bantry Bay terminal in West Cork, Ireland from Phillips 66. In the past year it has also seen the start-up of its new, multi-product liquids terminal in Palermo, Colombia, which is a joint venture with Grupo Coremar.