Oil tanking Stolthaven Antwerp has won a major storage contract with SABIC. The long-term deal, which will go into effect in 2013, relates to the storage of feedstocks for SABIC's new naphtha crackers at Geleen, in the Netherlands. The contract was signed early this month during the EPCA Annual Meeting in Budapest. "This strategic agreement is an important aspect of SABIC's new initiative to streamline the logistics of our global supply chain, thus enabling us to respond more quickly to changing customer needs," says Yousef Al-Zamel, executive vice-president, chemicals for SABIC. "At the same time, we are pursuing investments and partnerships, such as the one with Oiltanking Stolthaven, which increase the sustainability of our supply chain. New vapour recovery storage tanks in Antwerp, high-efficiency, large-capacity tankers and a pipeline with the latest safety features result in an end-to-end supply system that ranks among the most efficient and environmentally responsible in the world."
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