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.