Impala Purchases the HES Hartel Tank Terminal

Source: 11/23/2023, Location: Europe

Impala Terminals Group announces that it has agreed, following an auction process, to purchase the HES Hartel Tank Terminal. Impala is a global infrastructure and logistics company. Under the terms of the purchase, Impala will provide additional investment of between 90 and 100 million euro over the next two years to complete the terminal’s construction. The transaction is expected to complete in the coming days.

The HES Hartel Tank Terminal, which will be renamed ‘Impala Energy Infrastructure Netherlands’, provides approximately 1.3 million cubic metres of storage capacity for bulk liquid energy product. Once operations begin, the terminal generate up to 70 fulltime local jobs.

It is expected to include over 50 tanks, berths capable of loading up to VLCC-size vessels and nine barge jetties. The high-grade specifications and connectivity on the terminal will provide maximum flexibility for the users of the facility. Importantly, the terminal have the capacity to store a range of biofuel products, helping to facilitate the energy transition for the region.

Sale process
Construction of this brand new storage and distribution terminal was put on hold in December 2022 following a number of setbacks including the COVID-19 pandemic, other delays and additional costs. The project owner, HES Hartel Tank Terminal B.V. was declared insolvent in January this year and an auction process followed.

“I am pleased to announce that the sale process for the terminal asset will conclude next week and that Impala Energy Infrastructure Netherlands is the purchaser of the asset. This is a good outcome for all parties involved and most importantly, Impala will make the necessary investment to complete and commission this important asset in the Port of Rotterdam,” said Carl Hamm, curator for the auction process.

“This is an excellent development for Impala, particularly as it will provide our strategic customers with a strong and sustainable asset located in the Port of Rotterdam in the major trading hub of Amsterdam-Rotterdam-Antwerp. We look forward to developing our business in the region in collaboration with different stakeholders and specifically the Port of Rotterdam Authority,” said Sjoerd Bazen, CEO of Impala Energy Infrastructure.

New future for the terminal
Boudewijn Siemons, interim CEO and COO of the Port of Rotterdam Authority, congratulates the new owner of the major facility for essential commodities in the port: “We are pleased that Impala has purchased the terminal asset and that construction work will be completed. With this transaction, the company is making a lasting commitment to the port and is adding a brand-new facility for storing a wide range of bulk liquid energy products. This provides a new future for the terminal after a bankruptcy that has been difficult for all parties concerned, particularly the employees.”

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