LBC Tank Terminals Acquires Evolution Terminals in Vlissingen for Renewable Energy Development
Key Ideas
- LBC Tank Terminals acquires Evolution Terminals in Vlissingen to strengthen its position in green hydrogen and ammonia markets, supporting the energy transition.
- The project in Vlissingen aims to develop a renewable energy products terminal with a focus on ammonia and hydrogen, enhancing the region's infrastructure.
- The acquisition provides LBC with a platform for future expansion in renewable energy activities, with the terminal expected to be operational by the end of 2028.
- The investment in the terminal for low carbon hydrogen in North Sea Port contributes significantly to the development of the hydrogen network in the region and abroad.
LBC Tank Terminals Group B.V. (LBC) has acquired Evolution Terminals B.V. in Vlissingen from Vision Energy Holdings AG, marking a pivotal move in LBC's growth strategy to become a leader in providing infrastructure for the storage and handling of bulk liquid products supporting the energy transition. The project in Vlissingen, now named LBC Vlissingen, will include ammonia storage capacity, deep sea jetties, and rail loading facilities, positioning it as a key hub for renewable energy imports like ammonia, hydrogen, CO2, and biofuels in the region. The acquisition underscores LBC's commitment to a cleaner, greener future and reinforces its presence in the renewable energy sector. The CEO of LBC Tank Terminals expresses gratitude for the opportunity to lead in the energy transition, while Evolution Terminals' owner praises the transfer of the project to a developer focused on safety and sustainable operations. Furthermore, the investment in the liquid terminal for low carbon hydrogen at North Sea Port is highlighted as a significant step in expanding the hydrogen cluster, strengthening the hydrogen network in the Netherlands and Belgium. Overall, the acquisition and development of the terminal in Vlissingen represent a positive advancement towards sustainable energy practices and infrastructure in the Netherlands and Northwest Europe.
Topics
Projects
Renewable Energy
Infrastructure
Sustainability
Investment
Energy Transition
Market Expansion
Logistics
Industry Development
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