LBC Tank Terminals, a leading storage company, has announced its plans to expand its terminal in Antwerp, Belgium. The decision comes as a response to the growing demand for base oils and chemicals in the region and the need to strengthen its position as a base oil hub.
The expansion project will involve the construction of 28 tanks, providing an additional storage capacity of 80,000 cubic metres. This significant increase in capacity will enable LBC Tank Terminals to meet the growing demand for storage in the area. In addition to the new tanks, a state-of-the-art loading station for trucks and rail cars will be built as part of the project, ensuring safe and efficient transportation of goods.
Erik Kleine, general manager Europe, explained that the expansion is necessary due to the increasing competitive pressure faced by chemicals production in Northwestern Europe. Producers in the Middle East and the US have an advantage with access to lower priced feedstock, making it crucial for LBC Tank Terminals to enhance its capabilities and cater to the rising import of base oils and chemicals into Europe.
Moreover, the project aligns with LBC Tank Terminals’ commitment to sustainability in the storage industry. The company aims to provide integrated storage solutions that prioritise resource efficiency, minimise environmental impact, and contribute to a meaningful future. Specific measures and technologies will be implemented in the new infrastructure to achieve these goals.
The expanded terminal is expected to be fully operational by the fourth quarter of 2025. This expansion not only demonstrates LBC Tank Terminals’ dedication to meeting customer needs but also positions the company for continued growth and competitiveness in the storage industry. With its enhanced storage capacity and modern infrastructure, LBC Tank Terminals is poised to maintain its prominent position as a base oil hub in the region.
For more information visit www.lbctt.com
