LBC Tank Terminals, a leading independent chemical storage company, has announced a significant change in ownership. On March 7, 2025, an agreement was finalized between the current owners—Ardian, APG, and PGGM—and Mitsui O.S.K. Lines (MOL), signaling the commencement of a new chapter for LBC. The transaction, pending regulatory approvals, is anticipated to conclude within the next three to four months.
LBC operates seven state-of-the-art storage terminals across the United States (Houston, Baton Rouge, Freeport) and Europe (Antwerp, Rotterdam). These facilities provide comprehensive loading and unloading services for various transportation modes, including pipeline, vessel, barge, rail tank car, and truck. With a total storage capacity of 3.3 million cubic meters, LBC’s terminals are strategically situated in major chemical production hubs, offering vital connections to chemical processing plants via extensive pipeline infrastructure networks.
Under the stewardship of its current owners, LBC has achieved notable advancements in operations, safety, and sustainability. The company’s commitment to excellence is evidenced by its Platinum EcoVadis rating and 5-star GRESB rating. Significant expansions and new projects, particularly in the chemical and new energies markets, have been undertaken to meet the growing demand for storage facilities capable of accommodating a diverse range of new energy products.
MOL, headquartered in Tokyo, Japan, is one of the world’s largest shipping companies, specialising in marine transportation and logistics. Its diverse global fleet encompasses container ships, bulk carriers, oil tankers, chemical tankers, LNG carriers, car carriers, and specialised vessels. Recognised for its focus on innovation and sustainability, MOL positions the chemical logistics business as a key growth area. This acquisition aligns with MOL’s strategic objective to lead the global chemical logistics industry. Furthermore, with the anticipated increase in transportation demand for ammonia and CO₂ in a decarbonizing society, MOL aims to accelerate the development of next-generation energy businesses by integrating infrastructure that supports the energy transition through the acquisition of LBC.
The operational and commercial synergies between MOL and LBC are expected to unlock significant opportunities, particularly in emerging sectors such as new energies. This strategic alignment is poised to enhance LBC’s capabilities, supporting its long-term objectives and positioning the company for continued success.
Despite the change in ownership, LBC will maintain its operations as an independent platform, with an unwavering focus on safety, sustainability, service, and operational efficiency. The company remains committed to driving growth, leveraging its strong foundation, and, with the support of MOL, is enthusiastic about the opportunities that lie ahead. LBC continues to dedicate itself to maintaining its industry-leading position, providing the expertise and infrastructure necessary to advance the energy transition.
For more information visit www.lbctt.com
