News
LBC Tank Terminals

LBC Tank Terminals supports various organizations during the COVID-19 crisis. This week, we put their efforts in the spotlight.

We are proud to announce that at the Signal Mutual Indemnity Association Winter General Meeting held in Orlando, Florida on January 25^th, 2019; LBC was awarded the Signal Mutual Indemnity Association Safety Leader Award for 2017/18 in the category of Marine Terminals.

Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced several new enhancements to the ICE Permian WTI crude oil futures contract (Contract code: HOU).

Jasmin McDermott, Editor of the well-known Tank Storage Magazine, conducted research regarding the growing demand for midstream infrastructure in the Houston Gulf Coast area. Seabrook Logistics is a joint venture between LBC Tank Terminals & Magellan Midstream Partners. We are proud to announce that this facility provides an additional 700,000 barrels (111,000 m³) of crude oil & condensate storage to the Houston Gulf coast area.

Tulsa, OK and Mechelen, Belgium – Magellan Midstream Partners, L.P. (NYSE: MMP) (“Magellan”) and LBC Tank Terminals, LLC (“LBC”) are further expanding the infrastructure of Seabrook Logistics, LLC (“Seabrook Logistics”), owned 50/50 by subsidiaries of Magellan and LBC, by increasing Seabrook Logistics’ crude oil and condensate storage and dock capabilities in the Houston Gulf Coast area. Seabrook Logistics plans to construct nearly 700,000 barrels (111,000 cubic meters) of additional crude oil and condensate storage in Seabrook, Texas as well as a new Suezmax dock with up to a 45-foot draft (14 meters) and approximately 400,000 barrels per day (“bpd”) of dock capacity.

    Please read the Press Release in the read more section for information relating to the incident involving a ship at Rotterdam Botlek

The LBC Tank Terminals Group is currently focused on expanding our LBC Rotterdam site in the Botlek area of Rotterdam, the petrochemical heart of the Port. The aim of our project known as ‘Rainbow’ is to triple the current capacity and significantly improve jetty and land infrastructure.  This project adheres to the three pillars of our business strategy (build-out, further optimize, expand) and reflects LBC Rotterdam’s ambition to be the safest and most efficient terminal in the Port of Rotterdam when it comes to ship-to-shore interface and ship-turnaround times.

We would like to inform you, that the US regional office has moved. Regional employees and the LBC Houston Customer Service department are now located at the following address: 2625 Bay Area Boulevard Suite 200 Houston, TX 77058

Rotterdam LBC Tank Terminals Holding Netherlands B.V. announces Q2 FY18 financial results conference call. LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q2 FY18 ended 31 December 2017. The results will be published today, Tuesday, 27th February 2018, followed by a conference call for all investors on Tuesday, 13th March 2018 at 16:00 (Central European Time) / 11:00 (Eastern Daylight Time). Call details and copies of the financial statements will be made available on the Intralinks website. Investors of LBC Tank Terminals Holding Netherlands B.V. Senior Notes, due 2023, can request access to Intralinks by contacting investors@lbctt.com.

LBC Tank Terminals signs agreement with MEGlobal Americas, Inc. to construct a new terminal in Freeport, Texas

The LBC Tank Terminals Group is currently focused on expanding our LBC Rotterdam site in the Botlek area of Rotterdam, the petrochemical heart of the Port. The aim of our project known as ‘Rainbow’ is to triple the current capacity and significantly improve jetty and land infrastructure.  This project adheres to the three pillars of our business strategy (build-out, further optimize, expand) and reflects LBC Rotterdam’s ambition to become the safest and most efficient terminal in the Port of Rotterdam when it comes to ship-to-shore interface, truck & rail – and ship turnaround times.

We are sure that at this point in time you have all been following the catastrophic damage and devastation to the greater Houston area. Therefore, we would like to provide an update regarding the current status of the LBC Houston Terminal located in Seabrook, Texas.

The LBC Tank Terminals Group is currently focused on expanding our LBC Rotterdam site in the Botlek area of Rotterdam, the petrochemical heart of the Port. The aim of our project known as ‘Rainbow’ is to triple the current capacity and significantly improve jetty and land infrastructure.  This project adheres to the three pillars of our business strategy (build-out, further optimize, expand) and reflects LBC Rotterdam’s ambition to become the safest and  most efficient terminal in the Port of Rotterdam when it comes to ship-to-shore interface and ship-turnaround times.

Alkion Terminals (Alkion) and LBC Tank Terminals (LBC) today announced that on June 30^th, 2017 the transaction in which Alkion acquired the 50% shareholding of LBC in LBC Sogestrol and the full ownership of 4 tank terminals in France (Bayonne, Le Havre, Marseille, Nantes), 2 tank terminals in Spain (Cartagena, Santander) and 1 tank terminal in Portugal (Lisbon) was completed.

Wanhua-BorsodChem to set up MDI bulk storage facility at LBC Rotterdam In response to the growing demand for MDI in the European market and to improve its services and flexibility, Wanhua & BorsodChem announced that they will work together with LBC Rotterdam and rent two new tanks for the Wannate MDI products. The bulk storage facility at the LBC Rotterdam facility is ideally located to serve as Wanhua & BorsodChem’s regional European distribution hub for European customers for Wannate MDI products imported from China.

The new MDI tanks will be commissioned in July 2017 and will help to ensure a sustainable  and stable supply of MDI to the region. We are looking forward to the cooperation with Wanhua & BorsodChem and welcome them with great pleasure at our Rotterdam facility.

Walter Wattenbergh, Group CEO, was interviewed during the StocExpo Europe 2017 which took place in Rotterdam in March 2017. Please click on read more to see the video.

ARDIAN CONFIRMS ITS AMBITIONS FOR US INFRASTRUCTURE MARKET THROUGH ACQUISITION OF STAKE IN LBC

London, May 22 2017 – Ardian, the independent private investment company, today announces that it has signed an agreement to acquire a stake in LBC Tank  Terminals (“LBC”) from State Super and Sunsuper. LBC, headquartered in Belgium, is a top-tier global independent operator of bulk liquid storage facilities, predominantly for chemical & base oil products. Following the transaction, Ardian will hold a 35% stake in LBC. Current shareholders APG and PGGM will remain invested in the company with a 32.5% stake each.

Alkion Terminals (Alkion) and LBC Tank Terminals (LBC) today announced the signing of an agreement in which Alkion will acquire the 50% shareholding of LBC in LBC Sogestrol and the full ownership of 4 tank terminals in France (Bayonne, Le Havre, Marseille, Nantes), 2 tank terminals in Spain (Cartagena, Santander) and 1 tank terminal in Portugal (Lisbon). In parallel, Alkion and Sogestran today announced the signing of an agreement in which Alkion will acquire the 50% shareholding of Sogestran in LBC Sogestrol. Following the concomitant completion of the transactions, Alkion will be the sole owner and operator of LBC Sogestrol, a world-class tank terminal in Le Havre, France.

"Hear me speak": Optimising the customer's supply chain by Walter Wattenbergh, Group CEO, LBC Tank Terminals (Tuesday 28 March 2017 / 10:20 - 10:50)

LBC’s Senior Sales Manager, Jonathan Feys recently spoke at the Argus European Base Oils Markets, about ‘The Strategic Role of Tank Terminals in a Changing Global Base Oil Market’.

LBC recently completed the refinancing of its existing debt facilities through raising new senior secured credit facilities of $396 million with a maturity in 2020 and issuing $350 million 6.875% senior notes due 2023. The new credit facilities include an undrawn $100 million multi-currency capex facility which will provide LBC an important source of capital to fund its expansion plans at its existing sites.