Name of the Project
Butane storage tank project.
Location
The new butane tank will be located at the Port of Antwerp, in Belgium.
Client
INEOS.
Project Description
The project entails the construction of the biggest butane tank ever built in Europe. The tank will allow INEOS to import butane from the US, and world markets in very large gas carrier ships to supply competitive raw material to its plants in Koln, Germany.
It will also provide INEOS Trading & Shipping with options to trade butane in Europe.
Jobs to Be Created
Not stated.
Value
Not stated.
Duration
The import terminal is planned to come on stream in 2019.
Latest Developments
INEOS signed a contract with Oiltanking Antwerp Gas Terminal (OTAGT) in March to build the storage tank.
Key Contracts and Suppliers
OTAGT (construction contract).
On Budget and on Time?
Not stated.
Contact Details for Project Information
INEOS, Richard Longden, tel +41 21 627 7063.