Independent vegetable oils and fats storage, processing and logistics company Koole Terminals has completed its acquisition of Dutch bulk liquid storage operator Alkion Terminals.
Following the acquisition, the combined group would operate 20 terminals in seven countries with a total capacity of 5.3M m³.
“Our joint expertise now gives us the knowledge and skills to further develop and innovate our services in the storage market. Greater geographic reach creates new opportunities for our multi-terminal network customers. We can now work on a larger scale with a larger portfolio of products,” Koole Terminals CEO John Kraakman said in a statement on 17 November.
“For the time being, the names Alkion Terminals and Koole Terminals will be kept,” he added.
Alkion operates nine terminals in France, Italy, Netherlands, Portugal and Spain, with a storage capacity of 1.2Mm3.
Zaandam-headquartered Koole operates 11 terminals in Europe – in the Netherlands, Poland and the UK – and has a total storage capacity of 4.1Mm3.
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 around 100 storage tanks ranging in size from 60m3-1,400m3, as well as for oleochemicals, biodiesel and waxes.
At the inland terminal of RIHO Dodewaard, which Koole acquired in 2019, the company has some 20,000m3 of storage capacity for vegetable oils, fats and glycerine, and for 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; soyabean, canola and palm oils; fatty acids; chemicals 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.