ROTTERDAM: Royal Vopak has reached an agreement in principle to acquire a majority stake in Green Energy Storage (GES), a move aimed at accelerating large-scale battery storage development in the Netherlands to relieve mounting pressure on the country’s electricity grid. The Dutch storage and infrastructure giant, headquartered in Rotterdam, announced the proposed transaction with Breda-based…
MUSCAT: Oman Tank Terminal Company (OTTCO), a subsidiary of OQ Group, and Royal Vopak, signed today a shareholder agreement to establish a new company in the Special Economic Zone at Duqm (SEZAD). The agreement, concluded during the Duqm Economic Forum 2025, reflects OQ’s continued commitment to expanding its investments in Duqm and supports national efforts…
AMSTERDAM: Royal Vopak (Euronext: VPK) reaffirmed its strategic priorities at its Capital Markets Day, focusing on improving financial and sustainability performance, expanding in industrial and gas terminals, and accelerating investments in energy transition infrastructure. The company raised its operating cash return target to above 13%, up from its previous goal of over 12%. Vopak announced plans to…
ROTTERDAM, THE NETHERLANDS: Vopak, the world’s leading independent tank storage company, has agreed to sell its terminal in Savannah, USA, to BWC Terminals, a US-based bulk liquids storage company, for USD 106 million. The terminal, which has a capacity of 250,566 cubic meters, is mainly used for the storage of vegetable oils, asphalt and specialty…
ROTTERDAM, NETHERLANDS: The Supervisory Board of Royal Vopak announced the upcoming succession of Eelco Hoekstra after having served 11 years as Chairman of the Executive Board and CEO of Royal Vopak. The Supervisory Board will nominate Dick Richelle to become Chairman of the Executive Board and take over as CEO as per 1 January 2022….