LBC Tank Terminals starts expansion of storage capacity in Antwerp
LBC Tank Terminals, an independent operator of bulk liquid storage facilities for petrochemicals, petroleum products and base oil products, has taken the final investment decision to expand the terminal in Antwerp, Belgium.
LBC Tank Terminals announced that it has started the construction of 28 tanks, collectively providing a significant storage capacity of 80,000 cubic meters (m³). An integral part of the project is a state-of-the-art loading station for trucks and rail cars.
The additional capacity and new infrastructure will be dedicated to the safe and efficient storage of base oils and chemicals, serving to meet growing demand and strengthening the terminal’s prominent position as a base oil hub in the region.
“With high energy prices, chemical production in Northwestern Europe is under increasing competitive pressure, while the Middle Eastern and U.S.-based producers have an advantage with access to lower priced feedstock,” said Erik Kleine, general manager, Europe. “We see a healthy and consistent growth in import of base oils and chemicals into Europe, where Antwerp is a prime location for these growing product flows.”
The project represents LBC’s broader purpose of driving sustainability in the storage industry by providing integrated storage solutions that prioritize resource efficiency and minimise environmental impact, in addition to meeting evolving customer needs.
The expansion is projected to be operational by the fourth quarter of 2025.
LBC owns and operates a global network of terminals at key locations in the United States and Europe with 3 million m³ combined liquid storage capacity.