After the successful closing of the acquisition of BP's storage terminal in Pernis in mid-July, Koole Terminals has started operating the site. Next to the storage capacity of around 200.000 cubic meters, Koole Terminals will also handle the acquired truck loading facility and the K1 jetty for seagoing vessels. BP's terminal is directly adjacent to one of Koole Terminals' existing sites in Rotterdam and is connected through a pipeline with BP's refinery in Europoort. BP is partly leasing back the storage and truck loading rack capacity under long-term agreements.

John Kraakman, CEO of Koole Terminals: The expansion of Koole Terminals through the acquisition of BP's site in Pernis is in line with our ongoing strategy to grow together with our customers, in this case regarding storage and distribution of petrol and diesel. Especially the safe and efficient 24-hours per day truck loading facility in the Rotterdam harbour represents an important widening of our service offering. We are not only acquiring additional storage capacity but also further available land supporting our future expansion plans. Overall, the transaction substantiates our long-standing relationship with BP and also provides our customers the opportunity to load fuel products on trucks.