LBC Tank Terminals Group B.V. , a global leader in independent liquid bulk logistics, has announced the acquisition of Evolution Terminals B.V. from Vision Energy Holdings AG. This acquisition represents a key milestone in LBC’s growth strategy to become a leading provider of infrastructure for the safe and efficient storage and handling of liquid bulk products essential to the energy transition.

Under the support of North Sea Port, Evolution Terminals has laid out plans for a renewable energy products terminal in the port of Vlissingen, strategically located at the entrance of the Westerschelde waterway. The prime location provides access to deep water capable of accommodating the latest very large ammonia carriers, making it an ideal hub for ammonia, hydrogen, CO₂, methanol, and biofuels.

The terminal will feature state-of-the-art ammonia cracking facilities and connections to major hydrogen pipeline corridors, enabling the distribution of renewable energy products to markets in the Netherlands, Belgium, and Mid and Southern Germany. These developments will position Vlissingen as a critical hub for renewable energy imports and infrastructure.

Under its new name, LBC Vlissingen, the terminal’s first phase will include:

  • 150,000 cubic metres of ammonia storage capacity
  • Two deep sea jetties
  • Three barge jetties
  • Optional rail loading facilities

 

The facility is scheduled to be operational by the end of 2028 and has already garnered significant interest from prospective customers.

Frank Erkelens, CEO of LBC Tank Terminals, emphasised the importance of the acquisition: “LBC is grateful for Vision Energy Holdings offering the opportunity to take over their well-advanced project to develop it into a leading terminal for renewable energy products. This acquisition is more than just a milestone; it’s a clear statement of our intent to lead the way in the energy transition. With this project and with the support of North Sea Port, we are investing in a cleaner, greener future for the Netherlands, Northwest Europe, and beyond.”

Vision Energy Holdings highlighted the achievements of the Evolution Terminals team and the collaborative effort with North Sea Port and the Province of Zeeland. Andrew Hromyk, owner of Evolution Terminals, noted:
“LBC’s acquisition provides surety to the stakeholders of a successful transition and development through to operations and realisation of the future terminal.”

North Sea Port’s chief sustainability and digital officer, Maarten den Dekker, added: “This investment in a liquid terminal for low-carbon hydrogen marks a significant step in the expansion of the hydrogen cluster within North Sea Port and contributes to the energy transition in the Netherlands and abroad. The terminal, scheduled for completion in 2028, will provide a substantial boost to the development of the hydrogen network in the region and both the Netherlands and Belgium.”

The LBC Vlissingen terminal will play a pivotal role in the growth of the hydrogen network within North Sea Port and reinforce the port’s position as the largest hydrogen hub in the Benelux region. This development underscores LBC’s commitment to advancing renewable energy solutions and supporting the global energy transition.

For more information visit www.lbctt.com

26th November 2024