Oiltanking says it is "an advanced stage" in its strategic review of its European terminals and, alongside its partner 3i Infrastructure, has entered into an agreement to sell four of them to Evos.The divestment of the Amsterdam, Terneuzen, Ghent and Malta terminals is a result of Oiltanking's continuous evaluation of and optimisation of its asset portfolio, in line with its Strategy 2025 plan.A final agreement on the sale is subject to employee consultation procedures in the Netherlands and Belgium, along with other customary conditions. Further announcements will be made in due course.In China, meanwhile, Oiltanking has signed a strategic alliance framework with local authorities in Huizhou covering the development of a world-class logistics and warehousing operation in the Daya Bay Petrochemical Industrial Park. The move follows the relocation of seven tanks within the park by Oiltanking, to optimise utilisation of the available land.The tanks offer 33,000 m~3 of storage capacity for petrochemicals."This agreement provides an excellent opportunity to further grow the partnership with the Daya Bay government and support the advancement of the Daya Bay Industrial Park," says Matti Lievonen, CEO of Oiltanking. "Furthermore, it lays the foundation for further expansion of Oiltanking in Daya Bay Industrial Park, hence strengthening Oiltanking's presence in China."
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