Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today that it has entered into a definitive agreement to divest a major portion of its European bulk liquid storage business to the CLH Group, the leading bulk liquid product logistics company in Europe.
Following his retirement from Inter Terminals after nearly 34 years in the industry, former Operations Director, Keith Jackson, looks back over a long and interesting career in tank storage.
A multi-million pound infrastructure upgrade programme has been successfully completed at Grays terminal on the River Thames, which is part of Inter Terminals’ comprehensive bulk liquid storage network.
Inter Terminals Ltd has announced a new organisation structure for its bulk liquid storage facilities in the UK, Ireland and The Netherlands.
With a history dating back to 1929, Inter Terminals presents a compelling story of organic growth, highly focused strategic developments and acquisitions, resulting in one of the most comprehensive multi-product storage terminal networks in Europe.
2018 marked another year of growth and development for Inter Terminals, with investment projects across the company’s existing European storage network and the addition of NuStar Europe terminals. This exciting acquisition establishes Inter Terminals as the largest independent storage operator in the United Kingdom and increases overall storage capacity by approximately 33%.
Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today that its European storage subsidiary, Inter Terminals Ltd., has successfully closed the acquisition of NuStar Energy, L.P.’s European bulk liquid storage business (“NuStar Europe”) for cash consideration of USD$270 million, subject to closing adjustments.
Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today that its European storage subsidiary, Inter Terminals Ltd., has entered into an agreement to acquire 100 percent of the issued share capital of NuStar Energy, L.P.’s European bulk liquid storage business (“NuStar Europe”) for cash consideration of USD$270 million, or approximately CAD$354 million.
Inter Terminals is taking a proactive approach to meeting demand for convenient and competitive low-sulphur fuel bunkering ahead of the IMO’s new global limit for sulphur content of ships’ fuel oil.
Drawing on his 30 years of experience in the tank storage sector and senior roles within related industry associations and industry/Regulator forums, Martyn Lyons, Chief Executive of Inter Terminals, explains why leading from the top in process safety is essential to good business performance.