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Oiltanking and Dupré Logistics establish joint venture
07/21/2010 - Houston, July 21, 2010 – Today, Oiltanking and Dupré Logistics announced the formation of a joint venture company named Oiltanking-Dupré. This new organization, dedicated to serving customers in need of material handling for pet coke, combines the assets of Oiltanking’s worldwide network with Dupré’s experience in dry bulk handling.
With this joint venture both companies realize their strategy to move into dry bulk handling and other refinery service operations. Oiltanking and Dupré Logistics are well-known and respected in the refinery industry and it has become increasingly clear, that an alliance of this nature is essential to meet the needs of their clients. This joint venture allows both parties to provide tailored solutions to the customer’s needs, focusing on high productivity of their assets, high customer service and safe operations leading to costs savings and a more competitive marketplace position.
The dry bulk material handling specialists will be based out of Houston, Texas, and have the capacity to meet dry bulk needs nationwide. Oiltanking-Dupré will be structured as a 50-50 joint venture, combining services formerly coupled via client-to-client partnerships. Both companies will be providing services and support in their area of expertise to make the venture flow. Rick Adams has been named Vice President of Oiltanking-Dupré.
Oiltanking is a subsidiary of Marquard & Bahls AG, Germany, a leading privately owned petroleum company. Oiltanking is the second-largest independent tank storage provider for petroleum products, chemicals and gases world-wide. The company owns and operates 65 terminals in 21 countries within Europe, North and South America, Middle East, India as well as Asia. Oiltanking has an overall capacity of 14.6 million cubic meters.
Dupré Logistics LLC is a team of professionals who design and deliver safe, diversified logistics solutions and services for quality-focused clients committed to increasing their competitive advantage. Dupré has more than 1,000 team members and headquartered in Lafayette, La.
For more information about Oiltanking, Dupré Logistics and Marquard & Bahls AG, please visit www.oiltanking.com, www.duprelogistics.com and www.mbholding.com
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