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SABIC Signs Long Term Storage Agreement with Oiltanking Stolthaven Antwerp

October 05/2010

(SABIC) -- At the annual meeting of the European Petrochemical Association (EPCA) in Budapest, SABIC, a global leader in the chemicals and plastics industries, yesterday signed a long-term contract with Oiltanking Stolthaven Antwerp NV for storage services. The agreement, which will go into effect in 2013, will ensure an uninterrupted supply of feedstocks to SABICs two major naptha cracking facilities in Geleen, The Netherlands. Oiltanking Stolthaven Antwerp, based in Belgium, will provide state-of-the-art storage with zero-emission tanks that exceeds Belgian environmental regulations, helping SABIC to ensure a sustainable supply chain. Next to that, a new jetty will be constructed facilitating insuring a very reliable service, as per SABIC press release. This long-term partnership underscores SABICs strong commitment to its worldwide customers and service providers as well as to its production facilities at the Geleen site in the southern part of the Netherlands.

Oiltanking Stolthaven Antwerp is a joint venture between Oiltanking GmbH and Stolthaven Terminals B.V. operating an independent terminal in Antwerp handling petroleum products, chemicals and gases.

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SABIC Signs Long Term Storage Agreement with Oiltanking Stolthaven Antwerp

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