Royal Vopak, an independent tank storage company, and a developmental hydrogen company called Hydrogenious LOHC Technologies are launching a joint venture which they believe can accelerate the adoption of hydrogen through a carrier technology that permits the use of current infrastructure. Hydrogenious’ technology combines hydrogen with an inert carrier that makes it possible to transport [...]
Dutch oil storage company Vopak on December 20 said it has submitted an environmental plan to the Australian state of Victoria for an LNG import terminal it aims to complete in 2026 to help fill an expected gas shortfall in the country’s southeastern region. Vopak VOPA.AS, which first flagged plans for a liquefied natural gas [...]
Dutch tank storage firm Vopak (VOPA.AS) upgraded on Friday its core profit and operating cash return outlook for the full year while continuing to cash in on a strong momentum in renewable energy and liquefied natural gas (LNG). The fall in Russian oil and gas supplies after Moscow’s invasion of Ukraine has left Western economies [...]
Global independent tank storage company Vopak is introducing a new contractual clause that requires customers to provide a certificate of origin for oil stored at its terminals, four industry sources told Reuters. The move comes ahead of European Union sanctions on Russian crude oil and oil product imports that will take effect on Dec. [...]
Today, Venture Global LNG and EnBW announced the expansion of their existing LNG partnership to 2 million tonnes per annum (MTPA). Under the 20-year Sales and Purchase Agreements (SPAs) signed in June 2022, EnBW has increased the quantity of its long-term LNG offtake from Venture Global by an additional 0.5 MTPA from Plaquemines and CP2 [...]
Gazprom cuts supplies of gas as Europe races to fill its storage tanks. These crossed the halfway mark on June 7 and are now 51.12% full, as the EU seeks to replenish its supplies ahead of the coming winter. That race became even more poignant after Russia’s state-owned gas behemoth Gazprom cut supplies to [...]
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 [...]
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 [...]
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 [...]
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 [...]
