Dutch tanks and infrastructure business Royal Vopak has announced a substantial investment of €1bn more in gas and industrial infrastructure to drive the energy transition, bringing its total investment to €2bn. The company, as confirmed during its Capital Markets Day, will focus on infrastructure solutions for low-carbon fuels, sustainable feedstocks, ammonia as a hydrogen carrier, liquid CO2, and battery energy storage. CEO Dick Richelle highlighted an enhanced operating cash return target of above 13% and a renewed commitment to capital expenditure, positioning Royal Vopak to capitalize on additional growth prospects. With the majority of its current investments in gas infrastructure to meet energy security needs, the company is also targeting growth markets like India and China. Royal Vopak aims to repurpose a part of its existing oil capacity in key locations for low carbon fuels and feedstocks. Noteworthy projects include the development of an LNG terminal in South Africa to bolster energy security as the nation transitions from coal-fired power. Additionally, expansions in gas infrastructure in Canada, India, the Netherlands, China, and Saudi Arabia are underway. Efforts towards sustainable feedstocks include repurposing facilities in Singapore, Brazil, and the Netherlands, where infrastructure for waste-based feedstocks is being developed with a €15m commitment. The company has initiated market consultations for ammonia storage at the Vopak Energy Park Antwerp site, with operations anticipated to commence in 2029 upon market interest and final investment decision.