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Zenith Energy, an international liquids and bulk terminaling company, has announced that it has completed its previously announced acquisition of a liquid storage and handling facility located in the port of Amsterdam from BP plc.

Zenith says it intends to invest approximately $100 million in the Amsterdam terminal, with the goal to fully utilize its capacity for products and liquefied petroleum gas storage.

"This transaction is a significant step forward for Zenith and places us at the center of a key geographic region for the energy industry," commented Jeff Armstrong, President and Chief Executive Officer of Zenith. "With these investments, Zenith will deliver a state of the art, efficient products storage and distribution system to service this important hub."

The Amsterdam terminal is strategically located on the North Sea Canal in the Amsterdam-Rotterdam-Antwerp (ARA) region. The ARA region represents the largest concentration of refining capacity in Europe and one of the largest refined product trading hubs in the world.

The facility has storage capacity of more than six million barrels for middle distillates and liquefied petroleum gas (LPG) - two product categories that can be used to produce marine fuel - as well as ethanol, biodiesel and gasoline, with capabilities for blending.

It has connectivity for ocean vessels, inland waterways and trucks, and deep draft to service oceangoing tankers up to 135,000 tonnes with multiple berths for barges and ships.

The Amsterdam facility also has "significant room for expansion projects," Zenith pointed out.