ATLHA to build a new oil terminal in Germany
The new terminal company ATLHA Terminals has secured the exclusive rights to develop a liquid bulk storage terminal at the Port of Duisburg in Germany.
The terminal will be 75.000 cubic metres size and will focus on the storage of distillates, gasoline and gasoline components. It will have 12 tanks, a 135m jetty and be able to load to road tankers and and rail cars.
The lease agreement with the Port of Duisburg is complete, ATLHA has completed initial designs and plans to start applying for the required permits. The terminal will be underpinned by seven to ten-year ‘take-or-pay’ offtake agreements, with Letters of Intent (LOIs) already signed by several oil trading companies. The terminal is expected to be fully operational by Q2 2020.
The port of Duisburg connects Rotterdam, the gateway of Europe, with the rest of Germany and Switzerland, with 20,000 ships and 20,000 trains transiting through the port per year.
For more information visit www.atlha.com
4th Jan 2018