Alkion Terminals has announced the completion of a transaction in which Alkion acquired from ENI the full ownership of a liquid bulk tank terminal based in Vado Ligure, Savona, Italy.

Alkion will be the sole owner and operator of Alkion Terminal Vado Ligure.

Established in 2016 as a new independent tank terminal operator focusing in Western Europe, Alkion is creating a network of tank terminals that perform a primary role in the hydrocarbon downstream and other liquid bulk logistics value chain.

Following the transactions Alkion owns and operates 10 terminals in 5 countries with a tank capacity of around 1.3 million cubic meters.

The new terminal in Alkion’s portfolio is located in a strategic seafront location in the proximity of Genoa. Alkion Vado Ligure is connected by pipeline to the Trecate Refinery and will continue to offer a high-quality service to its customers. Going forward, Alkion is committed to invest further in the modernization and expansion of its terminal capacity and infrastructure to provide its customers a world-class service in multiple strategic locations across western Europe.

Rutger van Thiel, CEO at Alkion Terminals and Partner at Coloured Finches, stated:

“We are delighted to welcome the customers and terminal staff to Alkion Terminals. We look forward to continue serving the European petroleum and chemical industry at our ten Alkion terminals and to pursue our ambition to further expand the Alkion network into Europe.”

Vincent Levita, Founder and CEO of InfraVia, declared:

“We are excited to take over this high- quality asset and we look forward to supporting the further growth of Alkion”.

Alkion has been advised in the process by the following parties:

• Gianni, Origoni, Grippo, Cappelli § Partners (Legal)
• KPMG (Tax & Accounting)
• SARTEC (Technical and Environmental)