Whitehelm Capital is acquiring 90% of Vopak Terminal Eemshaven on behalf of two pension fund investors. Vopak will keep a 10% share in the terminal, which is a joint venture between Vopak and NIBC European Infrastructure Fund I C.V. (NEIF).
Vopak Terminal Eemshaven provides services for the storage of strategic reserves of liquid oil products, such as gasoil and gasoline. The terminal comprises 11 tanks with a total storage capacity of 684,025 cubic meters, and has a deep-water jetty for seagoing vessels. The financial ownership transaction will not have any impact on the terminal operations or name of the terminal. Vopak will continue to manage and operate the terminal.
Whitehelm Capital has a long history of investing in the tank storage sector. Its investment in Vopak Terminal Eemshaven is consistent with Whitehelm’s approach of investing in tank storage assets.
Vopak’s transaction is in line with its strategy to focus its ownership within Vopak’s global network on four terminal types: industrial, gas, distribution and hub terminals.
1st Oct 2017