Vopak to Invest €1 Billion More in Industrial, Gas Terminals by 2030

Vopak has announced plans to invest an additional €1 billion in its industrial and gas terminals by 2030, doubling its previous commitment to €2 billion. This strategic move aims to enhance energy security and affordability, with significant investments directed towards growth markets like India and China. The company also reaffirmed its ambition to allocate €1 billion to energy transition infrastructure, focusing on low-carbon fuels and sustainable feedstocks. Vopak's operating cash return target has been increased to over 13%, reflecting its robust financial performance and strategic execution.

 

Source: Energy Connects, Offshore Technology, Reuters