Oiltanking Deutschland GmbH & Co. KG, the storage division of the Mabanaft Group, has signed an agreement to acquire BP Europa SE’s tank terminal in Kassel.
The terminal, with a capacity of approximately 8,500 cubic metres, is equipped with facilities for loading and unloading both railcars and trucks. This acquisition aligns with the Mabanaft Group’s strategy of providing a broad and flexible range of products to its customers. While continuing to serve conventional markets, Mabanaft actively contributes to the energy transition by offering low-carbon fuel solutions and optimising its core assets.
By acquiring the Kassel terminal, Oiltanking Deutschland will expand its network to twelve domestic locations. The facility enhances the Mabanaft Group’s ability to supply liquid fuels to customers in the greater Kassel region, strengthening its operational reach.
“This terminal adds another key location to our network which will enable us to expand our footprint in Germany further and help us provide high-quality liquid fuel products to our customers in the region, while maintaining the highest safety and environmental standards,” said Reza Adami, head of storage at Mabanaft and MD of Oiltanking Deutschland.
The transaction is expected to be completed in the first half of 2025, subject to the fulfilment of necessary conditions. Following completion, the terminal will continue to be operated by TransTank GmbH, a joint venture between Oiltanking Deutschland and BP.
This acquisition reflects Mabanaft’s ongoing commitment to meeting the evolving needs of its customers while contributing to the challenges of the energy transition through its expanded infrastructure and capabilities.
For more information visit www.mabanaft.com
