Independent operator, LBC Tank Terminals has acquired the 25% shares previously held by Cepsa Química, part of the Cepsa Group, in the terminal at the Scheldelaan in Antwerp, Belgium.
Cepsa Química, which has been a shareholder of the terminal since its start-up in 2007 and will maintain its operations from this terminal as part of its strategy to continue serving the company’s Central European customers.
Erik Kleine, general manager Europe, says: ‘This acquisition is a major milestone for LBC in Europe, as it paves the way for the further growth of the terminal. With access to additional land and a strategic location in the port of Antwerp, the terminal is primed to leverage the opportunities and new products that the energy transition will bring.’
LBC Tank Terminals expands Antwerp terminal
‘We extend our gratitude to Cepsa Química for their partnership over the years, and we eagerly anticipate the bright prospects that lie ahead for the terminal and LBC as a whole,’ adds Frank Erkelens, group CEO.
The terminal will be renamed to LBC Lillo.
