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Rotterdam's Botlek Oil Terminal Starts Work, Port Says

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April 12 (Bloomberg) -- The Botlek Tank Terminal, an oil-storage facility in Rotterdam port that is a joint venture of HES Beheer NV and Noble Group Ltd., officially started operations, the port said.

The terminal, built on the site of a former grain silo, has capacity to store 200,000 cubic meters (52.8 million gallons) of edible-oil and petroleum products, the Port of Rotterdam wrote in a statement on its website today.

The first phase of the investment amounted to about 70 million euros ($92 million), and capacity will be expanded to more than 700,000 cubic meters in a second phase, the port wrote.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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