With this joint venture Katoen Natie realizes its strategy to move onto the Indian sub-continent. IOT on the other hand continues to diversify its terminalling business into the field of polymers and solid specialty chemicals storage, handling, packing and transportation. Katoen Natie and IOT are both well-known and established players in the petroleum and petrochemical services industry. The alliance offers numerous opportunities in supporting the clients of both parties to establish world-class solids handling services in the Indian market.

The new joint venture will be based out of Mumbai and will pursue opportunities for the storage, handling, packing and transportation of polymers and solid specialty chemicals in India’s rapidly developing chemicals and petrochemicals industries. In the new joint venture company Katoen Natie will hold a 51% interest while IOT’s interest will be 49%.

IOT Infrastructure & Energy Services Ltd. (IOT) is a joint venture between Indian Oil Corporation Limited, India’s largest petroleum refining and marketing company by sales and the highest ranking Indian company in the Global Fortune 500, and Oiltanking GmbH, the second largest independent tank storage provider for petroleum products, chemicals and gases world-wide. IOT operates a diverse portfolio of businesses, comprised of the EPC business, terminalling and upstream services and has taken steps to enter into the renewable energy business. IOT offers an array of services to the oil and gas industry.

Katoen Natie provides integrated and tailor-made logistics and engineering solutions to a key number of industries and to clients all over the world. Founded in 1854 as a cooperative that handled and stored commodities such as cotton, coffee, cocoa and wool, today Katoen Natie is a company with 9300 employees in 28 countries. The group is number 1 world-wide in petrochemicals, but is also active in other areas such as consumer goods, industry, specialty chemicals, projects and process engineering, port operations and general cargo & commodities.

For more information about IOT Infrastructure & Energy Services Ltd. (IOT), Oiltanking and Katoen Natie, please visit www.iotinfraenergy.com, www.oiltanking.com and www.katoennatie.com.