Inter Pipeline acquires storage operations at the Port of Gothenburg
Canadian energy infrastructure company Inter Pipeline has acquired Royal Vopak’s storage terminal at the Port of Gothenburg. The purchase sum was SEK 865 million.
The Dutch storage company Royal Vopak is selling its terminals in Sweden, including those at the Port of Gothenburg, to the Canadian energy company Inter Pipeline. The Swedish company will be renamed Inter Terminals Sweden. Storage operations and the 70 employees were taken over with immediate effect.
“It is extremely positive for our business. Inter Terminals believes in the Scandinavian market and the geographical location of Gothenburg as an energy hub for Scandinavia and the Baltic region,” said Mathias Jonasson, President of Inter Terminals Sweden.
Operations comprise the storage and blending of liquid oil and energy products, including petroleum, diesel, heavy oil and ethanol. More than 900,000m3 of liquid products can be stored in 73 tanks and five underground caverns.
The Port of Gothenburg is the largest general energy port in the Nordic region. Around 20 million tonnes of oil and other energy products are handled each year.
“We are very pleased with this development and consider it extremely positive that a prominent company such as Inter Pipeline is taking over the largest storage terminal at the Energy Port in Gothenburg,” said Jill Söderwall, Vice President Energy at the Port of Gothenburg.
The purchase sum of SEK 865 million also includes Royal Vopak’s storage operations in Gävle, Södertälje and Malmö. Inter Terminals is now the largest bulk liquid storage provider in Scandinavia with total storage capacity of 1.3 million m3.