Rotterdam storage

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KGAL Fund Acquires Vopak’s Rotterdam HQ Building

KGAL Investment Management has acquired a 9,200sqm office property in the Netherlands on behalf of a pan-European fund. The €16.5bn asset manager said it has bought the Westerlaan 10 property in Rotterdam which serves the headquarters of Dutch tank-storage company Vopak until 2035. Financial details were undisclosed. André Zücker, managing director and head of real estate [...]

September 8th, 2022|Rotterdam storage|

Koole Terminals Acquires Alkion Terminals

Alkion is a leading bulk liquid storage operator and consolidation platform in Western Europe focusing on chemicals and biofuels. It operates nine terminals in five major European economies: France, Portugal, Spain, Italy and the Netherlands. Alkion is currently managing 1.2 million cubic meters of capacity with significant additional organic growth planned in biofuel and chemical [...]

August 1st, 2022|Rotterdam storage|

Rubis Terminal Infra Releases Its First Sustainability Report for FY 2021

· Rubis Terminal Infra (from now on, Rubis Terminal) communicated its ambitious goals to positively impact the planet and society, through a strategy that aims to reduce the impact generated by fossil fuels. · Rubis Terminal is committed to a decarbonization strategy with measurable targets for 2025 and 2030. · The sustainability report describes Rubis [...]

June 28th, 2022|Rotterdam storage, Tank Terminal|

Rotterdam Aims to Supply 4.6 Million MT/Year of Hydrogen by 2030

The Port of Rotterdam could supply 4.6 million mt/year of hydrogen to Europe by 2030 from local production and imports, it said May 10. That would be a substantial share of the 20 million mt/year of European production and imports the EU targeted by 2030 under its recent REPowerEU package. The figure was based on [...]

June 1st, 2022|Port of Rotterdam, Rotterdam storage|

Port of Rotterdam to Study Possibilities of Installing More Shore-Based Power

The Port of Rotterdam Authority and the municipality of Rotterdam have commenced studies at various terminals at the port to introduce shore-based power to the container, cruise and liquid bulk sectors. Hutchison Ports ECT Rotterdam (ECT), APM Terminals (APMT) Maasvlakte II, Vopack and Cruiseport Rotterdam terminals are all closely involved in the studies. The findings [...]

January 2nd, 2022|Rotterdam storage, Storage News|

Oil Storage Group Vopak Cuts Growth Investments Guidance after Q3 Beat

Dutch oil and chemical storage company Vopak reported on Friday a profit beat for the three months to September but lowered its full-year guidance for growth investments. The group, which runs tank terminals worldwide, said its growth investments should reach about 275 million euros ($314.57 million) in 2021, down from the range of 300 million [...]

November 28th, 2021|Fuel Storage, Rotterdam storage, Storage News, Tank storage, Tank Terminal|

Several Rotterdam Terminals to Be Ready for Hydrogen Imports by 2025

In the Port of Rotterdam, the first companies are busily preparing for the storage, processing and transit of hydrogen: a promising energy carrier that will allow companies to make the transition to climate neutrality. Tank terminals at Europoort This is one of the findings of a study conducted by the Port Authority into the development [...]

November 28th, 2021|Fuel Storage, Rotterdam storage, Storage News, Tank storage, Tank Terminal|

VTTI to Close Antwerp Bitumen-Producing Refinery

Terminal owner VTTI is to close its bitumen-producing ATPC refinery in Antwerp, Belgium, stoking concerns about supply of the road-paving product after a string of recent capacity terminations.   Trading firm Vitol, which supplies feedstocks to and markets bitumen from the refinery, said today it had been “notified by VTTI of its intention to close [...]

October 28th, 2021|Fuel Storage, Rotterdam storage, Storage News|

Oil storage group Vopak’s profits hit by one-off charge, shares slump

Dutch oil storage company Vopak (VOPA.AS) on Wednesday reported second-quarter net profit that missed market expectations, after taking an impairment related to its terminal in Panama, sending its shares down nearly 8%. The group, which operates storage terminals around the world, reported net profit of 76.1 million euros ($89.86 million) in the three months to [...]

August 4th, 2021|Fuel Storage, Rotterdam storage, Storage News, Tank storage, Tank Terminal|

Vopak Invests in Extra Storage Capacity at Rotterdam for Biofuels

Vopak is investing in the Port of Rotterdam for the storage of waste-based feedstocks for the production of biodiesel and sustainable aviation fuel. The market for energy from renewable sources in Europe is rising as a result of the European Union’s Renewable Energy Directive II. A total of 16 new tanks with a combined capacity [...]

February 23rd, 2021|Rotterdam storage|
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