vopak

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Vopak Focuses on Hydrogen Imports in Rotterdam with German Company

Tank storage company Vopak and German hydrogen company Hydrogenious are starting a joint venture in the storage, transport and supply of hydrogen via hydrogen carrier benzyltoluene Through LOHC Logistix, the companies are committing to building a plant in Rotterdam that can initially decouple 1.5 tonnes of hydrogen per day from this carrier. No final decision [...]

January 19th, 2023|Tank Terminal|

Rotterdam Studies Large-Scale Ammonia Cracking for Hydrogen Imports

A group of 18 companies led by the Port of Rotterdam Authority has launched a study into the feasibility of establishing a large-scale ammonia cracker to enable imports of around 1m tonnes of hydrogen annually for the decarbonisation of industry and mobility. A large part of the hydrogen for North-West Europe will be imported, including [...]

December 12th, 2022|Port of Rotterdam|

Tank Storage Firm Vopak Hikes Guidance Amid Energy Transition

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 [...]

November 25th, 2022|Storage News|

Vopak to Require Origin Proof Ahead of EU Sanctions on Russian Oil – Sources

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. [...]

November 25th, 2022|Storage News|

Vopak Preparing for Green Ammonia Handling and Storage at Vlissingen, The Netherlands

Vopak is preparing for the storage of green ammonia in the Netherlands at its terminal in Vlissingen, with berths, pipeline and infrastructure availability, it said on Tuesday, as it gauges market interest. Two existing 55,000cbm liquefied petroleum gas (LPG) storage tanks can be re-purposed for ammonia, the tank storage company said, and it has space [...]

November 8th, 2022|Tank storage|

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|

Gate Terminal to Boost LNG Capabilities

Dutch Gate terminal, a joint venture of Vopak and Gasunie, has taken initiatives to strengthen its position in the security of the LNG supply of Northwest Europe. Gate terminal to boost LNG capabilities   Operational since 2011, Gate terminal’s initial capacity amount to 12 billion cubic meters per year (bcma) and can in the future [...]

July 14th, 2022|Tank storage|

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|

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|

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|
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