Inter Pipeline acquires storage operations at the Port of Gothenburg
Canadian energy infrastructure company Inter Pipeline has acquired Royal Vopak's storage terminal at the Port of Gothenburg, the port says in its press release. The purchase sum was SEK 865 million.
The Dutch storage company Royal Vopak is selling its terminals in Sweden, including those at the Port of Gothenburg, to the Canadian energy company Inter Pipeline. The Swedish company will be renamed Inter Terminals Sweden. Storage operations and the 70 employees were taken over with immediate effect.
"It is extremely positive for our business. Inter Terminals believes in the Scandinavian market and the geographical location of Gothenburg as an energy hub for Scandinavia and the Baltic region," said Mathias Jonasson, President of Inter Terminals Sweden.
Operations comprise the storage and blending of liquid oil and energy products, including petroleum, diesel, heavy oil and ethanol. More than 900,000 cubic metres of liquid products can be stored in 73 tanks and five underground caverns.
The Port of Gothenburg is the largest general energy port in the Nordic region. Around 20 million tonnes of oil and other energy products are handled each year.
"We are very pleased with this development and consider it extremely positive that a prominent company such as Inter Pipeline is taking over the largest storage terminal at the Energy Port in Gothenburg," said Jill Söderwall, Vice President Energy at the Port of Gothenburg.
The purchase sum of SEK 865 million also includes Royal Vopak's storage operations in Gävle, Södertälje and Malmö. Inter Terminals is now the largest bulk liquid storage provider in Scandinavia with total storage capacity of 1.3 million cubic metres.
The Energy Port in Gothenburg is the largest general energy port in Scandinavia. Several refineries and storage companies operate at the port. Some 2,500 tankers arrive at the port each year and half of all the crude oil arriving in Sweden does so via the Port of Gothenburg. More than 20 million tonnes of oil and other energy products are handled.
It is also the site of the largest depot facility in Sweden, supplying the whole of Western Sweden with petroleum, diesel and other products. Some 50 per cent of all refined products remain in Sweden whilst the remaining 50 per cent is exported to the world market.
The Port of Gothenburg is the largest port in the Nordic region. 30 per cent of Swedish foreign trade passes through the Port of Gothenburg as well as 60 per cent of all container traffic.
The Port of Gothenburg is the only port in Sweden with the capacity to receive the world's largest container vessels and has the broadest range of shipping routes within and outside Europe. The 25 rail shuttles that depart each day mean that companies throughout Sweden and Norway have a direct, environmentally smart link to the largest port in the Nordic region. The Port of Gothenburg has terminals for oil, cars, ro-ro, containers and passengers.