504:
74:
852:
24:
270:
The new combined company Vopak has a difficult start: there is only very limited synergy to be found in the storage services and the chemical distribution services and the company lacks the funds to realize her growth strategy. Because of that Vopak decides to split off and then sell the distribution
526:
and since then it is in full production. The LNG terminal consists of 3 tanks with a combined storage capacity of 540.000 m liquefied gas, equivalent to a throughput of 12 billion m gas per year. The total investment was approx. 800 million Euro. The joint-venture has several multi-year contracts
266:
Early in 2002 the CEO Ton Spoor left with immediate effect, officially because of 'personal reasons', but it was rumoured that the break of trust between him and the company was caused by the €150 million write-off in 2001 caused by a failed attempt to introduce a pan-European IT system. Spoor was
240:
ruled that the merger would give the combined company too much market power in storage services in the
Antwerp-Rotterdam-Amsterdam (ARA)-area, on which made the offer to sell parts of their storage-tank capacity. The EC ruled this as insufficient and the merger was canceled.
188:, gases and LNG to biofuels and vegoils. Its purpose is to "Store vital products with care", which derives from the products Vopak stores and how they are being stored The company was created by the
263:
and South
America. The entire workforce of 260 people also moved to Odfjell. Earlier that year Vopak had already sold its stake in the Gamatex terminal in Antwerp to the American partner GATX.
567:
November 2019; Vopak announced its selection by Gulf Coast Growth
Ventures (GCGV) to design, build, own, and operate new industrial terminal in Corpus Christi, on the U.S. Gulf Coast.
897:
628:
907:
615:
576:
December 2020; Vopak and BlackRock's Global Energy & Power
Infrastructure Fund (GEPIF) successfully acquired three industrial terminals from DOW on the U.S. Gulf Coast.
730:
546:
in the North of the country. Vopak and
Gasunie would own each 25% and Essent 50%, but in 2012 it became clear that the project was not viable and the plans were scrapped.
599:
244:
Renewed negotiations resulted in the combination selling the
Pakhoed terminals in Pernis and Botlek as well as van Ommeren selling their stake in Gamatext in the
218:
In 1998 the companies Royal
Pakhoed nv and Royal van Ommeren nv decided to merge. Both companies were offering storage services for oil, petrochemical products,
668:
579:
February 2021; Vopak announced its investment in storage capacity for waste based feedstocks at the Port of
Rotterdam for the production of biofuels.
812:
892:
830:
902:
303:
Vopak is currently active in Europe, Middle-East, Africa, South-East Asia, North Asia, China, North-America, South-America, and
Australia.
522:
Vopak is building the first LNG terminal in
Rotterdam. Building commenced in 2008 and on 23 September 2011 the terminal was opened by the
776:
758:
192:
of Van Ommeren and Pakhoed in 1999. In 2002, the distribution of oil and natural gas related products was split off; a new company
813:"Vopak and BlackRock's GEPIF successfully completed the acquisition of three industrial terminals from Dow on the U.S. Gulf Coast"
283:
Vopak has a global network of terminals. The terminal services Vopak offers can be grouped into five strategic terminal types:
882:
687:
794:
669:"Vopak, Mitsubishi Corporation, Covestro and AP Ventures invest Euro 17 million into Hydrogenious LOHC Technologies"
709:
150:
Industrial infrastructure for the storage and handling of chemicals, gases, LNG, oil, vegoils, ammonia, hydrogen
618:
Nieuwsblad Transport, Botlek-terminal Vopak sold to Odfjell, 15 April, 2000] (Dutch), visited: 2 September 2013
251:
On 15 April 2000 Vopak announced that they sold their 1,5 million m Botlek terminal to Norwegian competitor
570:
December 2019; Vopak completed its divestment of the joint venture Yangpu oil terminal in Hainan, China.
554:
July 2019; Vopak signed investment agreement with strategic partners for Hydrogenious LOHC Technologies
222:
etc. Both companies were also active on the market of shipping (tankers) and other logistical services.
523:
573:
January 2020; Vopak completed its divestment of oil terminal in Algeciras to First State Investments.
641:
181:
311:
Below an overview of the key figures over 2016-2020. The numbers include income from joint-ventures
73:
52:
138:
130:
122:
856:
598:
EC gives green light for merger after selling part of the storage services, 10 September 1999
248:. This new offer convinced the EC to approve the merger and in 1999 it was publicly announced
34:
887:
503:
8:
564:
October 2019; Vopak sold its Amsterdam and Hamburg terminals to First State Investments.
237:
831:"Vopak invests in storage capacity for waste based feedstocks in the Port of Rotterdam"
225:
Besides their overlapping activities Van Ommeren offered heavy-goods transport via
245:
229:
and Pakhoed offered distribution services for chemical products via the company
173:
876:
735:
437:
Total Injury Rate (In 200,000 hours worked by own personnel and contractors)
219:
42:
777:"Vopak divested its ownership in the Yangpu oil terminal in Hainan, China"
107:
710:"Vopak sells Amsterdam and Hamburg terminals to First State Investments"
539:. Gasunie and Vopak own 80% of the terminal and both customers each 5%.
167:
759:"Vopak to serve multi-billion dollar manufacturing facility in Texas"
543:
207:
197:
185:
103:
558:
226:
204:
48:
731:"Vopak completes divestment of terminals in Amsterdam and Hamburg"
865:
518:
256:
252:
184:
company that stores and handles products ranging from chemicals,
851:
654:
532:
272:
230:
193:
189:
260:
23:
196:
was created for that purpose. The head office is located in
528:
536:
898:
Multinational companies headquartered in the Netherlands
158:
542:
There were also plans to develop a LNG terminal in the
457:
EBITDA (in EUR millions - excluding exceptional items)
795:"Vopak completes divestment of terminal in Algeciras"
908:
Non-renewable resource companies established in 1999
874:
600:link to press-release, Visited 2 September, 2013
549:
557:September 2019; Vopak bought a 49% stake in
631:, 29 January 2002. visited 2 September 2013
72:
629:Bestuurvoorzitter Ton Spoor weg bij Vopak
642:Key financial figures and annual reports
502:
707:
397:Market capitalization (in EUR billions)
893:Companies listed on Euronext Amsterdam
875:
685:
611:
609:
607:
594:
592:
255:. Odfjell had already terminals in
903:Dutch companies established in 1999
708:Singsit, Jangoulun (Sep 30, 2019).
561:LNG import facility, in Cartagena.
477:ROCE (excluding exceptional items)
13:
616:Botlek-terminal Vopak naar Odfjell
498:
14:
919:
845:
604:
589:
377:Storage capacity (in million cbm)
306:
62:Industrial infrastructure company
850:
688:"Vopak buys into Colombian FSRU"
655:"Website Eemshaven LNG-terminal"
22:
823:
805:
787:
769:
751:
723:
701:
679:
661:
647:
634:
621:
1:
739:(Press release). Sep 30, 2019
582:
535:, since 2009 owned by German
278:
883:Companies based in Rotterdam
515:Together with Dutch company
417:Number of employees (in FTE)
313:
7:
550:Investments and Divestments
527:with energy producers like
287:New energy & feedstocks
87:; 25 years ago
10:
924:
267:succeeded by Gary Pruitt.
686:Reed, Ed (Sep 13, 2019).
213:
180:) is a Dutch independent
154:
146:
113:
99:
81:
66:
58:
40:
30:
21:
511:(plans canceled in 2012)
509:Vopak Terminal Eemshaven
644:, visited: 1 June 2021
512:
177:
17:Koninklijke Vopak N.V.
859:at Wikimedia Commons
627:Nieuwsblad Transport:
506:
35:Naamloze Vennootschap
837:. February 17, 2021.
783:. December 20, 2019.
765:. November 22, 2019.
293:Industrial terminals
819:. December 2, 2020.
801:. January 31, 2020.
357:Number of countries
337:Number of terminals
238:European Commission
203:Vopak is listed on
18:
513:
296:Chemical terminals
135:, Michiel Gilsing
127:, Frits Eulderink
16:
855:Media related to
517:N.V. Nederlandse
496:
495:
178:Koninklijke Vopak
164:
163:
142:
134:
126:
915:
869:
868:
866:Official website
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675:. July 31, 2019.
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70:Blaauwhoed
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640:Vopak website:
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499:LNG - terminals
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246:Port of Antwerp
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12:
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5:
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846:External links
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307:Key indicators
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220:vegetable oils
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835:www.vopak.com
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781:www.vopak.com
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763:www.vopak.com
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736:GlobeNewswire
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673:www.vopak.com
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299:Oil terminals
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182:multinational
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741:. Retrieved
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713:. Retrieved
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691:. Retrieved
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317:Description
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271:services as
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202:
166:
165:
100:Headquarters
31:Company type
888:Oil traders
108:Netherlands
67:Predecessor
877:Categories
583:References
559:Colombia's
279:Activities
170:Vopak N.V.
115:Key people
544:Eemshaven
208:Amsterdam
198:Rotterdam
104:Rotterdam
43:Traded as
227:Dockwise
205:Euronext
147:Products
59:Industry
49:Euronext
743:Apr 22,
715:Apr 22,
693:Apr 22,
519:Gasunie
257:Houston
253:Odfjell
155:Website
90: (
82:Founded
51::
533:Essent
492:11.6%
489:12.4%
486:11.6%
483:12.0%
480:13.6%
432:5,637
273:Univar
231:Univar
214:Merger
194:Univar
190:merger
857:Vopak
524:Queen
452:0.37
449:0.34
446:0.30
443:0.38
440:0.29
429:5,559
426:5,733
423:5,730
420:5,672
392:35.6
332:2020
329:2019
326:2018
323:2017
320:2016
261:China
174:Dutch
168:Royal
745:2023
717:2023
695:2023
531:and
529:E.ON
472:792
469:830
466:734
463:763
460:822
412:5.4
389:34.0
386:37.0
383:35.9
380:34.7
236:The
92:1999
85:1999
537:RWE
507:De
409:6.2
406:5.1
403:4.7
400:5.7
372:23
352:70
186:oil
139:CFO
131:COO
123:CEO
53:VPK
879::
833:.
815:.
797:.
779:.
761:.
733:.
671:.
606:^
591:^
369:23
366:25
363:25
360:25
349:66
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340:67
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176::
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719:.
697:.
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172:(
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137:(
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129:(
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121:(
94:)
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