The tank farm has a capacity of around 8,500 cubic metres and offers transhipment facilities for tankers and tanker lorries.
The acquisition is in line with the Mabanaft Group’s strategy. Mabanaft offers its customers a broad and flexible product range – not only for the conventional market, but also plays an active role in providing distribution channels for low-carbon fuel solutions. Expanding and repurposing its existing facilities and expertise is crucial to enabling Mabanaft to meet the evolving needs of its existing and growing customer base, whilst helping to overcome the challenges of the energy transition.
With this acquisition, Oiltanking Germany is expanding its portfolio to a total of twelve domestic sites. The tank farm enables the Mabanaft Group to supply its customers in the greater Kassel region with liquid energy sources.
“With this terminal, we are adding another key site to our network, enabling us to further expand our presence in Germany and supply our customers in the region with high-quality liquid fuels, whilst maintaining the highest safety and environmental standards,” says Reza Adami, Head of Storage at Mabanaft and Managing Director of Oiltanking Germany.
The parties aim to complete the transaction in the first half of 2025, subject to the fulfilment of the relevant conditions precedent. TransTank GmbH, a joint venture between Oiltanking Germany and BP, will continue to manage operations at the site following completion of the transaction.
The Mabanaft Group is a leading independent and integrated energy company that offers its customers innovative energy solutions in the transport, heating, industrial and agricultural sectors. The Group is active in the import, distribution and marketing of petroleum products, natural gas liquids, chemicals and biofuels, and supports its customers in the transition to cleaner fuels by offering alternative long-term solutions.
Oiltanking Deutschland, the storage division of the Mabanaft Group, has been active in the field of tank farm logistics since 1972 and is one of the largest independent operators of tank farms for oils and biofuels in Germany. The company owns and operates 11 tank farms in Germany with a total capacity of 2.375 million cbm.
