La Petrolifera Italo Rumena S.p.A. (PIR) has successfully acquired Nordic Storage AB, a leading Swedish tank storage company, from Aquarius Energy. This strategic acquisition was facilitated through InterTank Nordic AB, a Swedish tank storage firm in which PIR had previously secured a controlling stake.

Nordic Storage AB is one of the largest tank storage providers for bulk liquids in Scandinavia, with a storage capacity exceeding one million cubic metres. The company operates seven strategically located terminals across Sweden and Denmark, including in Gothenburg, Helsingborg, Malmö, Norrköping, Oskarshamn, Gävle, and Aalborg. These facilities offer a wide range of services for various energy products, such as distillates, aviation fuels, biofuels, vegetable oils, fuel oils, and chemicals.

Founded in Ravenna in 1920, PIR has a long history of providing storage and handling services for bulk liquids through its terminals in Northern Italy (Ravenna and Genoa), Albania (Vlora), and Tunisia (Zarzis).

With the acquisition of Nordic Storage AB, PIR has effectively doubled its storage capacity to approximately two million cubic metres, significantly expanding its footprint across the Mediterranean and Scandinavia. This move reinforces PIR’s position as a key player in the European bulk liquid storage market.

By: Storage Terminals / August 21, 2024