TankTerminals.com - OCI Signs agreement to acquire ammonia terminal at the Port of Rotterdam

OCI Signs agreement to acquire ammonia terminal at the Port of Rotterdam

July 16, 2010 [Orascom Construction Industries (OCI)] - Orascom Construction Industries (OCI) confirmed on July 14 that OCI Fertilizer International B.V. has signed an agreement to acquire 100% of the shares in MICRO Chemie B.V., Rotterdam.

MICRO Chemie B.V. owns and operates ammonia storage tanks with a combined storage capacity of 30,000 tons
and has a lease for a terminal located at the port of Rotterdam in the Netherlands for a period of 25 years starting
from 2002 and extendable for another 25 years upon expiration of the lease contract.
The terminal has a permit to receive up to 600,000 tons per year of ammonia and to deliver up to 550,000 per year.
The terminal has waterway access comprised of two jetties, which can accommodate both large tankers and smaller
barges. These waterways provide access to the Rhine River through which the majority of European inland shipping
is routed, allowing delivery to France, Germany and the Netherlands. In addition, the terminal is also accessible by a
160 km railway network running from the south and the east of Rotterdam up to, respectively, the Belgian and
German borders.
OCI Nitrogen Chief Executive Officer, Renso Zwiers commented “the acquisition of MICRO Chemie B.V. offers significant synergies to the Group. It will, in the future, allow us to receive ammonia from the Group’s other production sources with a connection to a critical in-land transportation hub. The ammonia supply will also ensure additional security of ammonia supply to the Group’s Geleen production complex in the Netherlands where ammonia is also produced and consumed in the manufacture of Calcium Ammonium Nitrate and by neighboring third party chemical producers.”

Article contains 228 words

Added to TankTerminals.com on: Friday, July 16, 2010 by Orascom Construction Industries.

Click to Print This Page