Shell and LBC in bitumen deal

Shell and LBC Tank Terminals have signed an agreement for the construction and operation of two bitumen storage facilities to be located at the LBC terminals in Nantes and Bayonne, both in France. The facilities are expected to be operational from February 2013.

Shell intends to maintain its leadership in bitumen distribution in France and to offer long term security of supply to its customers. LBC’s strategy aims for growth and sets out to develop further the existing facilities in France at the LBC terminals in Le Havre, Nantes, Bayonne and Marseille/Lavera. LBC is currently the only global independent storage provider offering bitumen storage capacity in France. After completion of the two new units, LBC will have five bitumen facilities in France.