Japan's MOL Chemical Tankers is to invest between EUR 300m and EUR 400m ($463m) in a new tank storage facility at Belgium's Antwerp port.
It is teaming with ports groups SEA-Invest to form Sea-Mol, the port said.
The tank terminal will be located on a 45-hectare site in the Delwaide dock and store liquid chemicals.
The new investment is expected to create 100 direct jobs.
"This investment is further confirmation of our port’s ability to attract major investors," said Jacques Vandermeiren, CEO of Antwerp Port Authority.
"It will also boost our position as one of the largest chemical clusters in the world. This is very good news for the port, and for our economy".
