Recently, the earlier announced partnership, Aegis Vopak Terminals Ltd, was successfully completed.
Aegis Vopak Terminals will become the largest independent tank storage company for LPG and chemicals in India. LPG is earmarked by the Indian government to provide cleaner and safer cooking fuels for households. Since the announcement in July 2021, three additional terminals with an additional capacity of 490 000 m3 are being included in the partnership. The partnership operates a network of 11 terminals that are located in five strategic ports along the east and west coast of India with a total capacity of approximately 1.5 million m3.
The joint venture (JV) is well-positioned for further growth, which targets mainly LPG but also chemicals, LNG, and industrial terminal opportunities.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/27052022/aegis-vopak-terminals-partnership-successfully-completed/