February 1, 2016 [VARO Energy] - VARO Energy, a growing downstream player in the North West European-market, announced that the group has completed its acquisition of Hydrocarbon Hotel (HCH), a modern hydrocarbon product blending and storage terminal in the port of Amsterdam from Blue Ocean Associates Ltd (BOA).
Prior to this, VARO Energy already owned 50% of the shares in the terminal and was fully responsible for its operation.
Built in 2011 and operated by 11 employees on site, the facility includes 11 tanks with a total capacity of over 140’000 m3 connected through modern loading and mixing pump equipment. Three dedicated berths which are accessible from every tank at the terminal provide access for sea- and inland-vessels. HCH is mainly used for the import, export, storage and blending of gasoline, biofuels and gasoline components.
Roger Brown, CEO of VARO Energy, commented: “The HCH is an important asset for the growth of our company in the ARA-region (Amsterdam – Rotterdam – Antwerp). With this further acquisition, we increase our strategic flexibility to better serve our clients in the region and along the Rhine.”
