Vopak has provided an update on its portfolio, highlighting the successful completion of the 50 percent acquisition of Eems Energy Terminal and the sale of three chemical terminals in Rotterdam. The acquisition of Eems Energy Terminal, an LNG import terminal, makes Vopak a 50 percent shareholder in the facility, which has a capacity of 8 billion cubic meters per year. Vopak plans to work with Gasunie to increase the terminal’s capacity to 10 billion cubic meters per year and develop it further to facilitate the import of green hydrogen.
The total investment by Vopak for the acquisition of Eems Energy Terminal is just above EUR 80 million, with cash out in two installments in Q4 2023 and Q2 2024. This acquisition will have a positive impact on Vopak’s operating cash return for the remainder of the year and will not significantly affect the company’s full-year 2023 EBITDA outlook.
Additionally, Vopak has completed the sale of its three chemical terminals in Rotterdam (Botlek, TTR, and Chemiehaven) to Infracapital for a total purchase price of EUR 407 million. The combined operational capacity of these terminals is 1.4 million cubic meters. The sale follows Vopak’s strategic review and agreement for sale announced earlier this year.
According to Dick Richelle, CEO of Vopak, these transactions support the company’s strategic goals, improve financial performance, and position the portfolio for higher and long-term cash returns. Vopak’s global portfolio and partnerships position the company to capitalise on market opportunities and contribute to the energy transition. The company aims to provide essential infrastructure solutions that support the global economy and people’s daily lives.
For more information visit www.vopak.com
