Vopak : Market underestimates gas terminal growth potential
>New LNG & LPG projects form key driver for higher earnings estimates - Today we are updating our earnings forecasts on the back of the H1 results and specifically lift our expectations for (1) REEF phase 1, a new 50/50 JV propane export facility in West Canada which is expected to contribute around € 70m of proportional EBITDA per annum as from end of 2026; and for (2) EemsEnergy, the 50/50 JV LNG import terminal in the North of Netherlands, which is to rec...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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