MOL acquires LBC Tank Terminals
Published by Ellie Brosnan,
Editorial Assistant
Tanks and Terminals,
Mitsui O.S.K. Lines, Ltd (MOL) has announced its decision to acquire 100% of the membership rights of LBC Tank Terminals Group Holding Netherlands Corp. U.A. to strengthen its chemical logistics business.
The sale and purchase agreement was signed on the 7 March 2025, with the acquisition price expected to be approximately US$1.715 million. The closing of the transaction is subject to obtaining permits and approvals from the relevant authorities.
LBC is an independent tank terminal company, primarily handling and storing chemicals, operating seven terminals in chemical hubs across Europe (Antwerp and Rotterdam) and the US Gulf Coast region (Houston, Freeport and Baton Rouge). With a total storage capacity of approximately 3 million m3, berth facilities, pipelines, and loading facilities for rail and truck transport, LBC supports the supply chains of customers such as chemical manufacturers and energy companies, through storage services at shipping and arrival ports.
MOL positions the chemical logistics business as one of growth, and this acquisition is part of that strategy. MOL has already expanded business scale into the chemical tanker business by acquiring shares in Nordic Tankers in 2019 and Fairfield Chemical Carriers in 2024. With the acquisition of LBC, MOL have gained onshore storage capabilities at tank terminals and expanded to include everything from maritime transport to small-lot transport using tank containers. This enables the company to meet diverse customer transportation needs and establish a ‘Total Chemical Logistics Service’ system.
In addition, with the demand for the transportation of ammonia and CO2 expected to grow as a result of a more decarbonised society, MOL will accelerate the development of its next generation energy business by adding onshore storage to its logistics offering through the acquisition of LBC.
LBC plans to expand its business by increasing tank capacity, and based on these plans, the investment return (equity IRR) from this acquisition is expected to be approximately 10%. Moving forward, MOL aims to achieve further growth by leveraging synergies with chemical tanker business, and tank container business, as well as advancing its next-generation energy business.
Read the article online at: https://www.tanksterminals.com/terminals/10032025/mol-acquires-lbc-tank-terminals/
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