What Nordic Storage does

Nordic Storage AB is a Swedish private limited company and wholly-owned subsidiary of Italian conglomerate PIR Group (Gruppo PIR), founded in 2000 and headquartered in Gothenburg, Sweden. The company operates a network of seven liquid bulk storage terminals across Sweden and Denmark with combined capacity exceeding 1 million cubic meters. Terminal infrastructure comprises both rock cavern storage (notably seven caverns at Oskarshamn and three at Gothenburg) and conventional tank storage across locations including Gothenburg (344,000 cbm), Aalborg (240,000 cbm), Norrköping (148,000 cbm), Oskarshamn (110,000 cbm), Helsingborg (90,000 cbm), Malmö (82,000 cbm), and Gävle (25,500 cbm). The company handles middle distillates, aviation fuel, fuel oils, chemicals, and bio-oils, with the Gothenburg terminal connected to the Port's common pipeline system and adjacent to three refineries.

The company's commercial offering combines physical storage with ancillary services including permits administration, excise deferral, and bonded storage compliance, allowing customers to manage customs duty exposure on stored inventory. Revenue is generated through quote-based, multi-year contracts priced against customer-specific volume, product type, and duration requirements, with no public pricing disclosure. The go-to-market is direct enterprise B2B sales targeting international oil companies, oil traders, local oil companies, and energy producers, with no intermediary channel or digital marketing program. Nordic Storage positions itself as a proactive storage partner emphasizing trust, reliability, safety track record, and over 24 years of operating experience in a highly regulated hazardous-materials environment.

The business model is subscription/recurring in nature, tied to contracted storage capacity over multi-year terms. Customers range from large international energy majors to mid-market local distributors, with the company operating with a lean team of 11-50 employees consistent with a capital-intensive, asset-heavy industrial services profile. No revenue figures, M&A activity, or external funding events are disclosed in available materials.

Name

Nordic Storage

Legal name

Nordic Storage AB

Website

https://nordicstorage.se

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Nordic Storage AB is a PIR Group subsidiary operating seven liquid bulk storage terminals across Scandinavia with over 1 million cbm capacity. It serves international oil companies, traders, and energy producers with tank and rock cavern storage for oil, chemicals, and bio-oils.

Ownership category

akta.pro rank

Product category

Petroleum Storage Services

NAICS

Other Warehousing and Storage (49319), General Warehousing and Storage (493110)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Public Warehousing & Storage (4220)

akta.pro primary industry

Bulk & Industrial Storage (Tank, Silo, Drum, IBC) (TLAIACAH)

Keywords

• Liquid bulk storage
• Petroleum storage terminals
• Oil product warehousing
• Bonded excise storage
• Bulk tank storage

Headquarters

HQ city

Göteborg

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Liquid Bulk Storage Services: Storage services for liquid bulk products including oil, chemicals, and bio-oils at company-owned terminals. Revenue generated through storage capacity fees, terminal handling charges, and related logistics services. Services include permits, excise and bonded storage.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Nordic Storage provides liquid bulk storage services for petroleum products (middle distillates, aviation fuel, fuel oils), chemicals, and bio-oils at 7 company-owned terminals in Sweden and Denmark, offering over 1 million cubic meters of combined tank and rock cavern capacity. The offering includes ancillary permits administration, excise storage, and bonded storage services to support international oil companies, traders, and energy producers with transshipment, mixing, and strategic storage operations.

Product overview

Nordic Storage AB is a PIR Group company providing liquid bulk storage services across Scandinavia. The company operates a unified storage platform consisting of 7 terminals located strategically along the Baltic Sea and Danish straits (Gothenburg, Gävle, Helsingborg, Malmö, Norrköping, Oskarshamn, and Aalborg), offering a combined capacity of over 1 million cbm. The core offering includes storage of oil products (middle distillates, aviation fuel, fuel oils), chemicals, and bio-oils through both tank and rock cavern facilities. Nordic Storage supplements its terminal operations with ancillary services including permits administration, excise storage, and bonded storage solutions. The terminals are positioned to serve international oil companies, traders, local oil companies, and energy producers with capabilities spanning bulk transshipment, product mixing, strategic storage, and local downstream market distribution.

Differentiator

Problem solved

Functional benefit

Products and services

• Gothenburg Terminals Strategically located at the entrance of Göta Älv at Scandinavia's leading Energy Port, this terminal offers 344,000 cbm capacity with 3 caverns and 13 tanks handling middle distillates, fuel oils, bio fuels, petroleum-based special products, and chemicals. Close proximity to three refineries and main petroleum companies, connected to the Port's common pipeline system, enables local trading opportunities.
• Gävle Terminal Located at the Gävle energy port with 25,500 cbm capacity and 2 tanks for middle distillates storage. Proximity to Stockholm makes Gävle port the main supplier of Jet Fuel for Arlanda airport. The port is ice-free all-year-round despite its northerly location.
• Helsingborg Terminal Situated on the doorstep of the Baltic Sea, this terminal has 90,000 cbm capacity and 4 tanks for handling middle distillates and other petroleum products. The Port of Helsingborg is always ice-free and serves as an important hub for petroleum products with year-round shipping capability.
• Malmö Terminal Located at Copenhagen Malmö Port with 82,000 cbm capacity and 15 tanks, serving as the largest liquid bulk terminal in the Öresund region. Imports and exports are oriented toward international and regional markets, and the area functions as an important bunker station for vessels passing through.
• Norrköping Terminal Located at Norrköping with 148,000 cbm capacity and 2 caverns for middle distillates storage. The terminal serves as one of Sweden's largest ports for domestic distribution and accumulation of cargo for export.
• Oskarshamn Terminal Located on the Swedish east coast less than a day's sailing from the Baltic's major export ports, with seven rock caverns and one tank providing 110,000 cbm of middle distillates storage capacity.
• Aalborg Terminal Strategically located at Aalborg Port on the Limfjord in Denmark with 240,000 cbm capacity and 8 tanks handling middle distillates and fuel oils. Functions as a hub for consolidating small shipments from the Baltic Ports for onward movement to NW Europe.
• Bonded Storage Services Excise and bonded storage services enabling customers to defer customs duties on stored liquid bulk products, provided as an ancillary compliance service alongside physical storage at Nordic Storage terminals.
• Permits Administration Services Administrative services handling permits and regulatory compliance required for liquid bulk storage operations, including support for complying with local regulations across Nordic Storage terminals in Sweden and Denmark.

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• PIR Group (Gruppo PIR)coreStrategic or Co-development PartnerNordic Storage AB is a member of PIR Group, a storage company group. The company website references PIR Group and displays their logo. Nordic Storage operates as a subsidiary or affiliated company under the PIR Group umbrella.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Simon Storage: Simon Storage is a UK-based independent tank storage operator specializing in petroleum, biofuel, and chemical products. It is a comparable independent mid-sized operator with a similar B2B contract model serving oil majors, traders, and chemical customers.
• VTTI: VTTI (Vitol Tank Terminals International) operates an international network of energy storage terminals with a focus on oil products, biofuels, and chemicals. It is a direct peer in independent third-party liquid bulk storage serving international oil traders and energy majors.
• Intercontinental Terminals Company: Intercontinental Terminals Company (IMTT) is a leading US-based independent tank storage operator handling petroleum, chemical, and bulk liquid products. It is a direct peer in contract-based public storage for IOCs, traders, and chemical producers.
• Chemtank: Chemtank is a Singapore-based independent global operator of chemical and specialty liquid storage terminals. It is a direct peer in dedicated third-party liquid bulk storage serving chemical, oil, and biofuel customers under long-term contracts.
• Oiltanking: Oiltanking is a major global independent tank storage company operating terminals across Europe, the Americas, and Asia for petroleum, chemical, and gas products. It directly competes with Nordic Storage in third-party liquid bulk storage services for IOC and trader customers.
• Sea-Invest: Sea-Invest is a Belgian family-owned port terminal operator with liquid bulk and dry bulk facilities across Europe and Africa. Its liquid bulk terminals serve IOC and trader customers on multi-year contracts, making it a comparable peer in independent contract liquid bulk storage.
• Royal Vopak: Royal Vopak is the world's largest independent tank storage operator, operating a global network of terminals for oil, chemicals, biofuels, and gases. It is a direct peer to Nordic Storage: both run dedicated third-party contract tank storage with similar customer mix of IOCs, traders, and chemical producers.
• Stolthaven Terminals: Stolthaven Terminals is the terminal division of Stolt-Nielsen and operates chemical and bulk liquid storage terminals worldwide. It is a direct peer in the dedicated contract storage of specialty oils and chemicals serving similar enterprise customers.

Broad incumbents

• Enbridge: Enbridge is a major North American energy infrastructure operator with significant liquids terminals business handling crude oil and refined products. It is a broad incumbent peer with overlapping bulk liquid storage capability within a larger diversified pipeline and energy platform.
• Kinder Morgan: Kinder Morgan is one of North America's largest energy infrastructure companies with extensive petroleum and chemicals terminal operations as part of a broader midstream portfolio. It is a broad incumbent peer offering overlapping liquid bulk storage capabilities within a wider energy infrastructure business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nordic Storage