Vopak lays plans for future growth
Published by Oliver Kleinschmidt,
Editorial Assistant
Tanks and Terminals,
Dutch terminal company Vopak has released its latest report divulging the company’s results for 1H24 and outlines plans for future growth and expansion in the terminal storage sector.
Improve
Net profit – including exceptional items – in 1H24 of €213 million and EPS of €1.73.
Proportional EBITDA – excluding exceptional items – increased in 1H24 to €599 million compared to 1H23 (€586 million), driven by growth project contributions and a certain one-off item that fully offset divestment impacts.
Updated financial year 2024 proportional EBITDA outlook to €1150 – €1180 million, EBITDA outlook to €920 – €950 million and consolidated growth capex outlook to around €350 million.
Grow
Grow gas terminals by building a large-scale LPG export terminal in Prince Rupert, Western Canada, with a total investment of €924 million of which €462 million is the Vopak share.
Grow Vopak’s industrial footprint in Saudi Arabia and China, investing €63 million proportional growth capex in capacity expansion.
Start market consultation to explore extension of EemsEnergyTerminal in the Netherlands for LNG, and potential for new energies such as CO2 and hydrogen.
Accelerate
Enter the FEED phase of CO2next project, an important milestone for developing CO2 infrastructure in Rotterdam.
Commission repurposed 15 000 m3 capacity in Alemoa, Brazil for renewable feedstock.
Find the full report here.
Read the article online at: https://www.tanksterminals.com/terminals/26072024/vopak-lays-plans-for-future-growth/
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