Acquisition of a marine fuel storage and blending terminal
M&A Transactions – Oil
The Engagement:
Commercial Due Diligence
Bulk liquids storage terminal
The Client:
Major Infrastructure Investment Fund
Duration:
3 months
Transaction summary
- Acquisition of a Rotterdam marine fuel storage and blending terminal
- The terminal also provides ancillary services for ship owners.
- Approximately 240,000 cubic meters capacity
- Surplus land for capacity expansion with various options for development
Outcome
- Energex participated in a detailed site visit to the terminal to assess capabilities and growth potential. Worked closely with the technical advisors
- Detailed analysis of customer contracts, underlying business models and product flows
- Undertook a detailed analysis of the outlook for marine fuel use over a 30-year time horizon, with forecasts and scenarios for changing marine fuels mix as a result of the decarbonization of the maritime sector
- Energex developed the long-term business plan feeding into the financial model, based on a detailed analysis of regional demand outlooks by product stored, the competitive landscape for marine fuels supply in the ARA regions, and commercially feasible options for expansion
- Supported the Investment Committee analysis of the transaction from a commercial perspective providing a detailed Commercial Due Diligence Report
- Our client successfully closed on the transaction in 2020