Royal Vopak Expands to Tokyo to Support Japan's Energy Transition
Key Ideas
- Royal Vopak establishes a Japanese subsidiary in Tokyo in June 2024 to provide terminal infrastructure solutions for energy transition in Japan.
- The company operates globally with 77 terminals in 23 countries and focuses on critical solutions for hydrogen, ammonia, and other low-carbon energy products.
- The Japan office will help accelerate new energy and LNG businesses, supporting Japan's carbon neutrality goals with infrastructure solutions for alternative energy sources.
- JETRO's Invest Japan Business Support Center provided consultation services to assist in the establishment of Royal Vopak's Japanese subsidiary.
Royal Vopak, a tank storage operator and infrastructure developer based in Rotterdam, Netherlands, has expanded its operations to Tokyo, Japan, to support the country's energy transition efforts. The company's Japanese subsidiary, established in June 2024, will offer terminal infrastructure solutions like storage tanks, pipelines, and cargo handling facilities to Japanese companies promoting energy transition. With a global presence operating 77 terminals in 23 countries, Royal Vopak specializes in solutions for hydrogen, ammonia, CO2, and other low-carbon fuels. The company aims to contribute to Japan's carbon neutrality targets by providing infrastructure for low- and zero-carbon energy products as alternatives to fossil fuels. The establishment of the Japan office aligns with Royal Vopak's strategy to accelerate new energy and LNG businesses. JETRO's Invest Japan Business Support Center played a role in facilitating the setup of the Japanese subsidiary by offering consultation services for registration, visa, labor, and business matching. This expansion signifies Royal Vopak's commitment to supporting sustainable energy solutions globally and its focus on technologies like hydrogen and ammonia as key elements in the energy transition.
Topics
Investing
Sustainability
Energy Transition
Infrastructure Development
International Expansion
Joint Ventures
Business Support
New Technologies
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