Mercuria and Sinomart enter European bulk liquid storage market

In Hong Kong, Mercuria Energy Asset Management (MEAM) and Sinomart KTS Development have established a joint venture for global bulk liquid storage. Sinomart will acquire a 50% equity interest in MEAM’s Vesta Terminals. With approximately 1.6 million m3 of petroleum products and biofuels storage, Vesta Terminals is a European bulk liquid storage operator with three terminals in Antwerp, Flushing and Tallinn.