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LBC Tank Terminals acquires full ownership of Lillo terminal

08/08/2023

LBC Tank Terminals has acquired the 25% shares previously held by Cepsa Química, part of the Cepsa Group, in the terminal at the Scheldelaan in Antwerp. Cepsa Química, which has been a shareholder of the terminal since its start-up in 2007, will remain a long-term LBC customer and will maintain its operations from this terminal as part of its strategy to continue serving the company's Central European customers.

Erik Kleine, General Manager Europe, states: "This acquisition is a major milestone for LBC in Europe, as it paves the way for the further growth of the terminal. With access to additional land and a strategic location in the port of Antwerp, the terminal is primed to leverage the opportunities and new products that the energy transition will bring."

“As we embark on this new phase, we extend our gratitude to Cepsa Química for their partnership over the years, and we eagerly anticipate the bright prospects that lie ahead for the terminal and LBC as a whole. We are well positioned to cater to the growing market for our services, and we look forward to further advance our contributions to a carbon-neutral future," says Frank Erkelens, Group CEO.

The terminal will be renamed to LBC Lillo, referencing the name of the village closest to its location.

About LBC

As a leading international and independent liquid bulk storage company, we form an integral part of our customers’ supply chains. We provide essential infrastructure and innovative services in the process of transporting products from areas of supply to areas of demand. In our position as connected partner in current and future logistic networks, we are a relevant player in the energy transition. We enable efficiency gains in our customers’ businesses and support their growth ambitions, paving the way towards a carbon-neutral society.

Media inquiries: communication@lbctt.com