Dutch tank storage company Vopak on Wednesday revealed plans to devote more of its capital to industrial and gas storage by 2025, while the share for oil and chemical business will gradually decline. The company plans by 2030 to allocate 1 billion euros ($1.07 billion) to expand its base in industrial and gas terminals and another 1 billion to new energies and sustainable feedstocks. "There is a very natural transition," Chief Executive Officer Dick Richelle told Reuters in a call during the company's capital markets day on Wednesday.
Royal Vopak: Capital Markets Update The Netherlands, 8 June 2022 Vopak's strategic priorities - Shaping the future Today, Royal Vopak (Euronext: VPK) hosts its Capital Markets Day in Rotterdam, the Netherlands. The update features Vopak's strategic priorities and financial framework. Improve performance of our portfolio Vopak aims to improve the performance of the portfolio and targets an operating cash return of at least 10% by 2025. Operating cash return is defined as proportional operating ca
Indian partnership Aegis Vopak Terminals successfully completed Mumbai, India / Rotterdam, the Netherlands, 25 May 2022 Today, the earlier announced partnership Aegis Vopak Terminals Ltd has been successfully completed.Aegis Vopak Terminals will become the largest independent tank storage company for LPG and chemicals in India. LPG is earmarked by the Indian government to provide cleaner and safer cooking fuels for households. Since the announcement in July 2021, 3 additional terminals with an a