Vopak invests heavily in LNG terminals and sustainability.
Tank storage company Vopak is investing heavily in sustainability and installations for liquefied natural gas (LNG) in the coming years. For example, until 2030 the company will spend around EUR 1 billion on the development and expansion of lNG and LNG terminals. The company is investing the same amount in infrastructure solutions for low-carbon and renewable hydrogen, ammonia, CO2, long-term energy storage and renewable raw materials.
Vopak says it is the world’s largest independent tank storage company with dozens of terminals worldwide that it wholly or partially owns, including several in the Port of Rotterdam. The company’s headquarters are also located in the Maasstad.
Vopak revealed these plans prior to its investor day. The company expects a shift in the coming years, with gas playing a more important role. In contrast, the share of oil and chemicals will gradually decrease. Furthermore, Vopak aims for a return of at least 10% in 2025, given the cash flow in relation to the invested capital.