ANTWERP, Belgium—Ineos said it is set to build what it claims will be "the largest butane storage tank ever built in Europe" at Belgian port of Antwerp.
The company said Dec. 9 that it had signed an agreement with the Oiltanking Antwerp Gas Terminal to build the 4.7 million cubic-foot, fully refrigerated tank, which is expected to come on stream in 2019.
The tank will allow Ineos to import butane, a feedstock for production of butadiene, from the U.S. and world markets in what are known as Very Large Gas Carriers. From there, it will supply the raw material to its plants at Cologne, Germany, while also having the opportunity to trade butane in Europe.
Situated on the river Scheldt, the gas terminal in Antwerp is one of the largest independent terminals in Northwest Europe for storage, throughput and distribution of liquified petroleum gas and petrochemical gases.
This project is part of Ineos' investment in supply chain flexibility of its European facilities.