Caldic has sold its tank storage and production facilities in Rotterdam, Caldic Chemie Europoort, to First State Investments. The storage facilities at the site concentrate on handling methanol and bio-ethanol, while the facility is also a major producer of formaldehyde and derivatives. Caldic says the sale is part of its strategy to focus on distribution activities in the food, health and personal care sectors.
“This integrated storage and production facility provides an excellent fit with First State Investment's long-term infrastructure investment philosophy and is a natural addition to our existing liquid bulk storage platform, EVOS terminals, providing a sizeable foothold in Rotterdam and entry into the attractive chemical storage market,” says Marcus Ayre, partner in First State’s Infrastructure Investments division. “We look forward to working with the highly skilled management team and employees to continue to sustainably develop and grow the business.”[post_title] => Caldic sells Rotterdam terminal [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => caldic-sells-rotterdam-terminal [to_ping] => [pinged] => [post_modified] => 2019-12-17 08:51:43 [post_modified_gmt] => 2019-12-17 08:51:43 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hcblive.com/?p=14105 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw )