Oiltanking North America LLC has entered into an agreement to sell its Oiltanking Joliet terminal to Omega Partners Illinois LLC. Following completion of customary preparatory steps, the transaction was completed with effect from July 31, 2020.

Oiltanking North America is a Houston, Texas-based, wholly owned subsidiary of Oiltanking GmbH. Through its subsidiaries, it offers a variety of facilities for the storage and distribution of chemicals, biofuels and petroleum products.

Omega Partners III owns and operates bulk liquid petroleum terminals in the U.S. states of Illinois, Florida, Georgia, South Carolina, Nevada, and Kentucky. The terminals receive, store, and deliver products via pipelines, railcars, barges, ships and trucks. Omega’s customers are major and independent oil, distribution, trading, chemical and agriculture companies. Omega is independently owned and operated, with corporate offices in St. Louis, Missouri.

Oiltanking GmbH is a subsidiary of Marquard & Bahls, a Hamburg-based company that operates in the fields of supply, trading and logistics of energy and chemicals. The company owns and operates 64 terminals in 24 countries in the Americas, Europe, Middle East, Africa, and Asia Pacific including China and India. Oiltanking has an overall storage capacity of 20.2 million cbm.

For more information visit www.omegapartnersllc.com

4th August 2020