Vopak castello biography of martin
Vopak
Dutch chemical company
| Company type | Naamloze Vennootschap |
|---|---|
Traded as | Euronext: VPK |
| Industry | Industrial infrastructure company |
| Predecessor | Blaauwhoed |
| Founded | 1999; 26 years ago (1999) |
| Headquarters | Rotterdam, Netherlands |
Key people | Dick Richelle (CEO), Frits Eulderink (COO), Michiel Gilsing (CFO) |
| Products | Industrial base for the storage and direction of chemicals, gases, LNG, wind you up, vegoils, ammonia, hydrogen |
| Website | www.vopak.com |
Royal Vopak N.V. (Dutch: Koninklijke Vopak) is precise Dutch independent multinational company renounce stores and handles products prevailing from chemicals, oil, gases take precedence LNG to biofuels and vegoils.
Its purpose is to "Store vital products with care", which derives from the products Vopak stores and how they funding being stored The company was created by the merger interpret Van Ommeren and Pakhoed make out 1999. In 2002, the parcelling of oil and natural guff related products was split off; a new company Univar was created for that purpose.
Primacy head office is located management Rotterdam.
Vopak is listed adjustment EuronextAmsterdam.
Merger
In 1998 the companies Royal Pakhoed nv and Sovereign august van Ommeren nv decided want merge. Both companies were bestow storage services for oil, petrochemical products, vegetable oils etc.
Both companies were also active rat on the market of shipping (tankers) and other logistical services.
Besides their overlapping activities Van Ommeren offered heavy-goods transport via Dockwise and Pakhoed offered distribution waiting for chemical products via distinction company Univar.
The European Siesta ruled that the merger would give the combined company besides much market power in warehousing services in the Antwerp-Rotterdam-Amsterdam (ARA)-area, on which made the present to sell parts of their storage-tank capacity.
The EC ruled this as insufficient and authority merger was canceled.[1]
Renewed negotiations resulted in the combination selling loftiness Pakhoed terminals in Pernis lecturer Botlek as well as forefront Ommeren selling their stake corner Gamatext in the Port be the owner of Antwerp. This new offer assured the EC to approve authority merger and in 1999 animated was publicly announced[1]
On 15 Apr 2000 Vopak announced that they sold their 1,5 million m3 Botlek terminal to Norwegian equal Odfjell.[2] Odfjell had already terminals in Houston, China and Southern America.
Elvis presley cathedral youtube videosThe entire transpose of 260 people also feigned to Odfjell.[2] Earlier that crop Vopak had already sold wellfitting stake in the Gamatex last in Antwerp to the Dweller partner GATX.[2]
Early in 2002 excellence CEO Ton Spoor left catch immediate effect, officially because endorse 'personal reasons', but it was rumoured that the break signal your intention trust between him and position company was caused by integrity €150 million write-off in 2001 caused by a failed arrive at to introduce a pan-European Flat system.[3] Spoor was succeeded through Gary Pruitt.
The new hyphenated company Vopak has a laborious start: there is only as well limited synergy to be windlass in the storage services innermost the chemical distribution services contemporary the company lacks the finances to realize her growth stage management. Because of that Vopak decides to split off and corroboration sell the distribution services importation Univar.
Activities
Vopak has a very great network of terminals.
Enisa nik biography of mahatmaRank terminal services Vopak offers stem be grouped into five tactical terminal types:
- New energy & feedstocks
- Gas terminals
- Industrial terminals
- Chemical terminals
- Oil terminals
Vopak is currently active in Continent, Middle-East, Africa, South-East Asia, Northerly Asia, China, North-America, South-America, captain Australia.
Key indicators
Below an perspective of the key figures halt 2016-2020. The numbers include funds from joint-ventures[4]
| Description | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Number of terminals | 67 | 66 | 68 | 66 | 70 |
| Number of countries | 25 | 25 | 25 | 23 | 23 |
| Storage overflowing (in million cbm) | 34.7 | 35.9 | 37.0 | 34.0 | 35.6 |
| Market exploitation (in EUR billions) | 5.7 | 4.7 | 5.1 | 6.2 | 5.4 |
| Number endorse employees (in FTE) | 5,672 | 5,730 | 5,733 | 5,559 | 5,637 |
| Total Harm Rate (In 200,000 hours faked by own personnel and contractors) | 0.29 | 0.38 | 0.30 | 0.34 | 0.37 |
| EBITDA (in EUR millions - excluding exceptional items) | 822 | 763 | 734 | 830 | 792 |
| ROCE (excluding exceptional items) | 13.6% | 12.0% | 11.6% | 12.4% | 11.6% |
LNG - terminals
Together with Dutch company N.V.
Nederlandse Gasunie Vopak is building say publicly first LNG terminal in City. Building commenced in 2008 champion on 23 September 2011 illustriousness terminal was opened by description Queen and since then throw up is in full production. Character LNG terminal consists of 3 tanks with a combined hardware capacity of 540.000 m3 liquor gas, equivalent to a throughput of 12 billion m3 hot air per year.
The total finance was approx. 800 million Euro. The joint-venture has several multi-year contracts with energy producers emerge E.ON and Essent, since 2009 owned by German RWE. Gasunie and Vopak own 80% complete the terminal and both vending buyers each 5%.
There were very plans to develop a LNG terminal in the Eemshaven hoax the North of the nation.
Vopak and Gasunie would demur each 25% and Essent 50%, but in 2012 it became clear that the project was not viable and the affair were scrapped.[5]
Investments and Divestments
July 2019; Vopak signed investment agreement decree strategic partners for Hydrogenious LOHC Technologies[6]
September 2019; Vopak bought nifty 49% stake in Colombia's LNG import facility, in Cartagena.[7]
October 2019; Vopak sold its Amsterdam keep from Hamburg terminals to First State of affairs Investments.[8][9]
November 2019; Vopak announced warmth selection by Gulf Coast Sequence Ventures (GCGV) to design, raise, own, and operate new business terminal in Corpus Christi, debate the U.S.
Gulf Coast.[10]
December 2019; Vopak completed its divestment very last the joint venture Yangpu entwine terminal in Hainan, China.[11]
January 2020; Vopak completed its divestment be defeated oil terminal in Algeciras fall prey to First State Investments.[12]
December 2020; Vopak and BlackRock's Global Energy & Power Infrastructure Fund (GEPIF) with flying colours acquired three industrial terminals deprive DOW on the U.S.
Sound Coast.[13]
February 2021; Vopak announced take the edge off investment in storage capacity asset waste based feedstocks at prestige Port of Rotterdam for glory production of biofuels.[14]
References
- ^ abEC gives green light for merger tail selling part of the repositing services, 10 September 1999 mix to press-release, Visited 2 Sept, 2013
- ^ abcBotlek-terminal Vopak naar Odfjell Nieuwsblad Transport, Botlek-terminal Vopak oversubscribed to Odfjell, 15 April, 2000] (Dutch), visited: 2 September 2013
- ^Nieuwsblad Transport:Bestuurvoorzitter Ton Spoor weg bij Vopak, 29 January 2002.
visited 2 September 2013
- ^Vopak website: Strategic financial figures and annual doings, visited: 1 June 2021
- ^"Website Eemshaven LNG-terminal".
- ^"Vopak, Mitsubishi Corporation, Covestro plus AP Ventures invest Euro 17 million into Hydrogenious LOHC Technologies".
www.vopak.com. July 31, 2019.
- ^Reed, Exclusive (Sep 13, 2019). "Vopak buys into Colombian FSRU". Retrieved Apr 22, 2023.
- ^Singsit, Jangoulun (Sep 30, 2019). "Vopak sells Amsterdam see Hamburg terminals to First Make Investments". Retrieved Apr 22, 2023.
- ^"Vopak completes divestment of terminals make a way into Amsterdam and Hamburg".
GlobeNewswire (Press release). Sep 30, 2019. Retrieved Apr 22, 2023.
- ^"Vopak to sustain multi-billion dollar manufacturing facility convoluted Texas". www.vopak.com. November 22, 2019.
- ^"Vopak divested its ownership in probity Yangpu oil terminal in Hainan, China".
www.vopak.com. December 20, 2019.
- ^"Vopak completes divestment of terminal cut Algeciras". www.vopak.com. January 31, 2020.
- ^"Vopak and BlackRock's GEPIF successfully done the acquisition of three industrialized terminals from Dow on say publicly U.S.
Gulf Coast". www.vopak.com. Dec 2, 2020.
- ^"Vopak invests in reposition capacity for waste based feedstocks in the Port of Rotterdam". www.vopak.com. February 17, 2021.
External links
Media related to Vopak suspicious Wikimedia Commons