Generic Hero BannerGeneric Hero Banner
Latest market news

Ineos opens Europe's largest butane storage tank

  • : LPG
  • 02.10.20

Private-sector integrated Ineos has opened Europe's largest above-ground LPG storage tank at the Oiltanking Antwerp Gas Terminal (AGT) in Belgium.

The 135,000m³ (around 80,000t) fully-refrigerated butane tank doubles the terminal's storage capacity. The cost of the project was not disclosed.

The facility is part of Ineos' $5bn project to expand its operations in northwest Europe.

Ineos will be able to import US butane on very large gas carriers (VLGCs) into the Antwerp storage and deliver product via barges along the Rhine river to its Cologne petrochemical plant for its flexible naphtha crackers. The firm took delivery in April of three supersized river barges to connect the Antwerp facility to its Cologne cracker. The barges will make the four-day voyage on a continuous cycle.

Adding a ready supply of butane gives Ineos greater flexibility to use different feedstocks at Cologne and its three other European cracking locations.

Ineos is also constructing a €3bn ($3.4bn) ethane cracker and PDH complex, again in Antwerp.


Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more