The project involves the installation of six large tanks that will double the company's storage capacity to 18,000 cubic metres. LBL is also planning a third expansion phase, which involves acquiring land adjacent to the site and installing 10 more tanks. This final phase will increase capacity by an extra 5,800 cubic metres.
LBL is investing £600k in the second and third expansion phases, supported by a £400k loan from NatWest. The company began its redevelopment of West Langton Dock last year with the installation of 12 storage tanks. The final phase is scheduled to finish by 2013, at which point LBL will have a storage capacity of more than 28,000 cubic metres.
LBL specialises in the procurement, sale and storage of bulk liquids such as vegetable oil and fats which are typically used in the energy, industrial and technical markets. The company also provides deep sea tanker berth facilities at West Langton Dock.
Paul Maxwell, Managing Director of Liverpool Bulk Liquids, said: "We have invested a significant sum to expand the capacity of West Langton Dock due to increasing demand from our customers. There is a shortage of bulk storage facilities at Liverpool and this has had an impact on the market. We are already in discussions with several businesses that wish to take advantage of the additional capacity and are confident this development will bring further growth and additional traffic into the port of Liverpool.
Ian McGee, NatWest Relationship Director, added: "Liverpool Bulk Liquids is a growing business which operates in a niche market. Expanding their storage capacity is a sound commercial move and one that will provide further growth opportunities for the company."