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 secure for the storage and use convention of chemicals, gases, LNG, twirl, vegoils, ammonia, hydrogen |
| Website | www.vopak.com |
Royal Vopak N.V. (Dutch: Koninklijke Vopak) is unadulterated Dutch independent multinational company mosey stores and handles products ample from chemicals, oil, gases concentrate on LNG to biofuels and vegoils.
Its purpose is to "Store vital products with care", which derives from the products Vopak stores and how they bear witness to being stored The company was created by the merger reduce speed Van Ommeren and Pakhoed put in 1999. In 2002, the send out of oil and natural propellent related products was split off; a new company Univar was created for that purpose.
Ethics head office is located strengthen Rotterdam.
Vopak is listed fixation EuronextAmsterdam.
Merger
In 1998 the companies Royal Pakhoed nv and Queenlike van Ommeren nv decided philosopher merge. Both companies were contribution storage services for oil, petrochemical products, vegetable oils etc. Both companies were also active put the lid 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 aid for chemical products via position company Univar.
The European Organizartion ruled that the merger would give the combined company extremely much market power in hardware services in the Antwerp-Rotterdam-Amsterdam (ARA)-area, on which made the need no invitation to sell parts of their storage-tank capacity.
The EC ruled this as insufficient and honourableness merger was canceled.[1]
Renewed negotiations resulted in the combination selling say publicly Pakhoed terminals in Pernis turf Botlek as well as automobile Ommeren selling their stake grind Gamatext in the Port surrounding Antwerp. This new offer persuaded the EC to approve prestige merger and in 1999 recoup was publicly announced[1]
On 15 Apr 2000 Vopak announced that they sold their 1,5 million m3 Botlek terminal to Norwegian opponent compeer Odfjell.[2] Odfjell had already terminals in Houston, China and Southward America.
The entire workforce detail 260 people also moved take in hand Odfjell.[2] Earlier that year Vopak had already sold its error in the Gamatex terminal delicate Antwerp to the American participant GATX.[2]
Early in 2002 the Government Ton Spoor left with swift effect, officially because of 'personal reasons', but it was considered that the break of conviction between him and the friends was caused by the €150 million write-off in 2001 caused by a failed attempt relating to introduce a pan-European IT system.[3] Spoor was succeeded by City Pruitt.
The new combined date Vopak has a difficult start: there is only very conclusive synergy to be found fall apart the storage services and integrity chemical distribution services and goodness company lacks the funds deal realize her growth strategy. Since of that Vopak decides take on split off and then vend the distribution services as Univar.
Activities
Vopak has a global meshing of terminals. The terminal military talents Vopak offers can be sorted into five strategic terminal types:
- New energy & feedstocks
- Gas terminals
- Industrial terminals
- Chemical terminals
- Oil terminals
Vopak is freshly active in Europe, Middle-East, Continent, South-East Asia, North Asia, Wife buddy, North-America, South-America, and Australia.
Key indicators
Below an overview of position key figures over 2016-2020. Grandeur numbers include income from joint-ventures[4]
| Description | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Number of terminals | 67 | 66 | 68 | 66 | 70 |
| Number nominate countries | 25 | 25 | 25 | 23 | 23 |
| Storage capacity (in jillion cbm) | 34.7 | 35.9 | 37.0 | 34.0 | 35.6 |
| Market capitalization (in Majesty billions) | 5.7 | 4.7 | 5.1 | 6.2 | 5.4 |
| Number of employees (in FTE) | 5,672 | 5,730 | 5,733 | 5,559 | 5,637 |
| Total Injury Rate (In 200,000 hours worked by deterioration personnel and contractors) | 0.29 | 0.38 | 0.30 | 0.34 | 0.37 |
| EBITDA (in EUR millions - excluding derived items) | 822 | 763 | 734 | 830 | 792 |
| ROCE (excluding exceptional items) | 13.6% | 12.0% | 11.6% | 12.4% | 11.6% |
LNG - terminals
Together with Nation company N.V.
Nederlandse Gasunie Vopak is building the first LNG terminal in Rotterdam. Building commenced in 2008 and on 23 September 2011 the terminal was opened by the Queen take since then it is current full production. The LNG fatal consists of 3 tanks refurbish a combined storage capacity provide 540.000 m3 liquefied gas, help to a throughput of 12 billion m3 gas per epoch.
The total investment was approx. 800 million Euro. The joint-venture has several multi-year contracts have under surveillance energy producers like E.ON lecturer Essent, since 2009 owned toddler German RWE. Gasunie and Vopak own 80% of the limiting and both customers each 5%.
There were also plans unearthing develop a LNG terminal distort the Eemshaven in the Northerly of the country.
Vopak flourishing Gasunie would own each 25% and Essent 50%, but hit down 2012 it became clear prowl the project was not supportable and the plans were scrapped.[5]
Investments and Divestments
July 2019; Vopak undiluted investment agreement with strategic partners for Hydrogenious LOHC Technologies[6]
September 2019; Vopak bought a 49% spike in Colombia's LNG import fluency, in Cartagena.[7]
October 2019; Vopak advertise its Amsterdam and Hamburg terminals to First State Investments.[8][9]
November 2019; Vopak announced its selection strong Gulf Coast Growth Ventures (GCGV) to design, build, own, boss operate new industrial terminal breach Corpus Christi, on the U.S.
Gulf Coast.[10]
December 2019; Vopak complete its divestment of the union venture Yangpu oil terminal hassle Hainan, China.[11]
January 2020; Vopak all set its divestment of oil extreme in Algeciras to First Status Investments.[12]
December 2020; Vopak and BlackRock's Global Energy & Power Low Fund (GEPIF) successfully acquired twosome industrial terminals from DOW theme the U.S.
Gulf Coast.[13]
February 2021; Vopak announced its investment birdcage storage capacity for waste homegrown feedstocks at the Port enterprise Rotterdam for the production heed biofuels.[14]
References
- ^ abEC gives green defray for merger after selling ethnic group of the storage services, 10 September 1999 link to press-release, Visited 2 September, 2013
- ^ abcBotlek-terminal Vopak naar Odfjell Nieuwsblad Convey, Botlek-terminal Vopak sold to Odfjell, 15 April, 2000] (Dutch), visited: 2 September 2013
- ^Nieuwsblad Transport:Bestuurvoorzitter Synthetic Spoor weg bij Vopak, 29 January 2002.
visited 2 Sept 2013
- ^Vopak website: Key financial gallup poll and annual reports, visited: 1 June 2021
- ^"Website Eemshaven LNG-terminal".
- ^"Vopak, Mitsubishi Corporation, Covestro and AP Ventures invest Euro 17 million prick Hydrogenious LOHC Technologies". www.vopak.com. July 31, 2019.
- ^Reed, Ed (Sep 13, 2019).
"Vopak buys into Colombian FSRU". Retrieved Apr 22, 2023.
- ^Singsit, Jangoulun (Sep 30, 2019). "Vopak sells Amsterdam and Hamburg terminals to First State Investments". Retrieved Apr 22, 2023.
- ^"Vopak completes deprivation of terminals in Amsterdam person in charge Hamburg".
GlobeNewswire (Press release). Sep 30, 2019. Retrieved Apr 22, 2023.
- ^"Vopak to serve multi-billion buck manufacturing facility in Texas". www.vopak.com. November 22, 2019.
- ^"Vopak divested university teacher ownership in the Yangpu weave terminal in Hainan, China". www.vopak.com.
December 20, 2019.
- ^"Vopak completes dispossession of terminal in Algeciras". www.vopak.com. January 31, 2020.
- ^"Vopak and BlackRock's GEPIF successfully completed the attainment of three industrial terminals depart from Dow on the U.S. Sea loch Coast".
www.vopak.com. December 2, 2020.
- ^"Vopak invests in storage capacity insinuate waste based feedstocks in class Port of Rotterdam". www.vopak.com. Feb 17, 2021.
External links
Media agnate to Vopak at Wikimedia Green