Vopak Expanding global ITL capacity with investment in Thai Tank Terminal
Vopak announced FID has been taken to expand its existing Thai Industrial Terminal operated via its 35% owned the Thai Tank Terminal JV. The FID relates to a 160k cbm tank infrastructure to support US ethane import into Thailand. Vopak's 35% share in the investment for the additional tank storage will be close to €130m. Industrial terminal investments come with attractive OCRs and contract durations. We reiterate our Buy recommendation following last week's initiation on the name.Royal Vopak is a holding company. Via its subsidiaries, Co. acts as a tank storage provider for the oil and chemical industry. Co. operates a network of terminals located at locations along trade routes. Co. also provides a range of additional services, from loading and unloading a range of transport modalities to heating, cooling, blending and customs formalities. The customers Co. serves range from global to local clients and include national and global producers, governments, distributors and traders of liquid and gaseous bulk products. Co.'s customers are active in the production, trading and marketing of oil products, chemicals, gases, biofuels, edible oils and liquefied natural gas.
We are a financial services provider for several types of professional clients, each with distinct needs.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.