LONDON, Jan. 25, 2017 /PRNewswire/ -- VTTI B.V. ("VTTI"),
the global independent provider of energy storage, today announces
an acquisition of a 230,000 m3 facility in Panama, resulting in a joint venture between
VTTI and Global SLI. This deal sees VTTI take a 75% interest in
PetroAmerica Terminal, S.A. ("PATSA"), a terminal strategically
located on the Pacific side of the country, close to the Panama
Canal, with a wide range of refined products storage.
VTTI's expertise and knowledge of the industry as well as its
international network will further strengthen the central role
PATSA plays in supplying domestic and international markets and
enhance its multiple potential growth opportunities. PATSA is
a highly regarded regional terminal company with an excellent
operating track record.
In addition to this acquisition, VTTI today closes the recently
announced transaction with Energia Naturalis Holding (ENNA),
comprising 70% of the newly built Adriatic Tank Terminal (ATT) in
the Port of Ploce, Croatia. In 2016, ATT completed the
construction of 50,000 m3 of clean petroleum product
storage. A second stage of development is now expected to commence
to deliver a further 200,000 m3 of liquid product
capacity, as well as up to 60,000 m3 of LPG
capacity.
Rob Nijst, CEO of VTTI commented:
"With these two transactions we have hit the ground running in
2017, and we now have an exciting roadmap of growth opportunities
ahead of us. These opportunities take us into new geographies,
extend our portfolio commercially, and further realise our aim to
be a top 3 company in the global terminalling industry, as always
in combination with our focus on safe
operations."
The company is also currently investing in projects at its
existing terminals ETT and ATPC, in Rotterdam and Antwerp respectively, as well as negotiating a
new project in South Asia:
- Rotterdam: At the heart
of Europe's largest port, VTTI
will expand its ETT terminal, adding further capacity of
174,000 m3 to provide flexible product
storage.
- Antwerp: VTTI's
increasing capability in LPG will be further strengthened by a new
refrigerated pressure vessel project at its ATPC terminal, which
includes two new spheres of 15,000 m3.
- South Asia: VTTI
recently signed a share purchase agreement for a new greenfield
terminal project in South Asia. Negotiations are ongoing and
the closing of the deal is anticipated to occur at the beginning of
March.
About VTTI
VTTI is a fast-growing independent provider of energy storage
worldwide. VTTI currently offers over 9 million cubic meters of
combined storage capacity across 5 continents. VTTI's terminals are
strategically located at major shipping crossroads of the globe as
well as in locations that are supply gateways to or from specific
oil markets. VTTI benefits from two strong shareholders,
Buckeye and Vitol that support VTTI's continued growth as an
independent global terminal operator. VTTI is run as a standalone
company under the leadership of CEO Rob
Nijst. www.vtti.com
About Global SLI
Global SLI is a pioneer and leader in several business areas.
Global SLI has its headquarters in Panama and presence in Argentina, Brazil, Kenya, the United
States and Uruguay. Global SLI develops its activity
with the purpose of promoting business initiatives of international
scope that create a real value for local communities. Mr.
Guillermo Liberman is the executive
president.
Global SLI has been involved in the logistics sector in
Panama since 2002 with important
facilities at the entrance of the Panama Canal in the Pacific,
amongst them, PATSA and a Container Terminal. Global SLI along with
strategic partners promotes the development of this key sector for
the Panamanian economy with new investments, job creation and the
implementation of best practices. www.globalsli.com
About PATSA
PATSA is the operator of refined products terminal with a
capacity of approximately 230,000 m3, located in the
Rodman area, Province of Panama,
Republic of Panama.
For more information:
VTTI:
Lisanne Kosters
M: +31(0)652526405
lis@vtti.com
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SOURCE VTTI Energy Partners LP
