Leading independent vegetable oils and fats storage, processing and logistics company Koole Terminals has acquired Dutch bulk liquid storage operator Alkion Terminals.
Alkion operates nine terminals in five European countries: France, Italy, Netherlands, Portugal and Spain. The company currently has 1.2M m3 of storage capacity and has plans to increase capacity for biofuels and chemical products across its locations.
“This transaction will expand Koole’s position in storing chemicals and biofuels products by gaining the experience of a European leader in these market segments. It is also in line with Koole’s strategy of diversification in providing supply chain integrated solutions to its customers to facilitate the transition to a low carbon future,” Koole CEO John Kraakman said in a 30 July statement.
The terms of the transaction have not been disclosed and the acquisition, which is subject to customary approvals, is expected to close by the end of the year.
Zaandam-headquartered Koole operates 11 terminals in Europe – in Netherlands, Poland and the UK – and has a total storage capacity of 4.1M m3.
Its Pernis terminal in Rotterdam port has a storage capacity of 675,000m3 for vegetable oils and fats, oleochemicals, base oils, waxes, biodiesel and easy chemicals, according to Koole’s website. In Amsterdam port, it has a storage facility for oils and fats, consisting of approximately 100 storage tanks, ranging in size from 60m3 to 1,400m3, as well as for oleochemicals, biodiesel and waxes.
At the inland terminal of RIHO Dodewaard, which Koole acquired in 2019, the company has storage capacity of approximately 20,000m3 for vegetable oils and fats, glycerine, and soya, sunflower and canola lecithin.
Koole’s Nijmegen terminal located near the German border also handles vegetable oils and fats, oleochemicals, base oils, waxes, biodiesel and easy chemicals.
In Poland, Koole’s Gdynia terminal handles molasses, vegetable oils (soyabean, canola and palm), fatty acids, chemicals (waxes, MEG) and fuels.
In the UK, Koole’s Regent Road terminal at the Port of Liverpool handles vegetable oils and fats and chemicals, while its terminal at the Port of Avonmouth handles agricultural products, molasses, chemicals, fertilisers, and vegetable oils and fats.