The deal is expected to be complete by the end of Q4 2020, subject to closing conditions and regulatory approvals. Inter Pipeline will retain its eight terminals in Sweden and Denmark, which have a total capacity of 19 million bbl. As such, proceeds from the sale will be used to reduce debt, strengthen our balance sheet and assist with financing our large capital expenditure programme, including the Heartland Petrochemical Complex.’. One jetty for vessels. Heated and coated mild and stainless steel tanks. 25 tanks. Trump administration move could slash wages for over 200,000 farm workers, Twitter took down a network of 130 fake accounts in Iran that tried to spread disinformation during the US presidential debate (TWTR), American Airlines to begin furloughs for thousands of workers on October 1, but says it will reverse layoffs if Congress reaches deal on COVID-19 relief, Data breach at New York Sports Clubs owner exposed customer data, Black Widow and West Side Story move to 2021 in latest Disney reshuffle, South Sudan government figures embezzled $36m: UN panel, Alex Gordon to retire after Royals finale Sunday, Sagging Jowls And Treatment Options With Hermann Wellness, Trevino Hits 1st House Move of Season, Rangers tumble in Extras, HEAL while you SLEEP ★Deep Body Healing Manifest, Cell Repair & Pain Relief Healing Sleep Meditation. It has been delivering the latest news, developments, analysis, products and innovations for 15 years. CLH says that the transaction, when completed, will make the company the leading bulk liquid storage company in Europe, with terminals in eight countries. The Inter Terminals business is the fifth largest independent bulk liquid storage provider in Europe, and the largest in the UK and in Scandinavia, with more than 5.8 million cubic metres of storage capacity (approximately 37 million barrels) located across 23 terminals. Inter Pipeline said the transaction will allow them to focus on developing its higher growth Canadian businesses. Inter Pipeline president and CEO Christian Bayle says: ‘This is a very positive transaction for Inter Pipeline. Six jetties for barges and vessels. 2 sea going (14.1m) and 4 barge jetties. Read more », The Riverside Terminal is located on the River Tees within the heartland of the UK’s chemical industry and around seven nautical miles up river from Seal Sands. CALGARY – Inter Pipeline Ltd. is selling most of its European oil storage business for $715 million to pay for the growing cost of an under-construction petrochemical facility in Alberta. CLH says that these terminals will complement the activities of CLH-PS, its existing UK subsidiary. Products can be received or redelivered by both road and sea 24 hours a day. © 2020 Easyfairs UK Ltd | 2nd Floor, Regal House | 70 London Road | Twickenham | TW1 3QS | United Kingdom | Registered in England No. Please enter your username or email address to reset your password. Gasoline blending operation. Please enter your username or email address to reset your password. “We continue to view a partial sell-down of the (Heartland facility) and successfully achieving the 70 per cent to 85 per cent contracting threshold for the project as key hurdles to the story garnering support from institutional investors,” Cox said.