Dutch tanks and infrastructure business Royal Vopak revealed its plan to invest an additional €1 billion in gas and industrial infrastructure to speed up the energy transition, pushing its total investment to €2 billion. This decision was made during the company's Capital Markets Day, with a strong focus on infrastructure solutions for low-carbon fuels and sustainable feedstocks. CEO Dick Richelle emphasized an increased operating cash return target of over 13% and a fresh commitment to capital spending, positioning the company well for future growth opportunities. Vopak has primarily invested in gas infrastructure to address energy security and affordability needs, with a significant portion allocated to high-growth markets like India and China. The company also aims to repurpose some of its existing oil capacity in key locations for low carbon fuels and feedstocks. Noteworthy projects include the partnership with Zululand Energy Terminal to develop an LNG terminal at the Port of Richards Bay, crucial for South Africa's energy security amidst the decommissioning of coal-fired power stations. Vopak's global expansion efforts have seen advancements in gas infrastructure in Canada, India, the Netherlands, China, and Saudi Arabia, as well as sustainable feedstock projects in Singapore, Brazil, and the Netherlands. Additionally, the company launched a market consultation for storing ammonia at its Vopak Energy Park Antwerp site, with operations expected to begin in 2029 pending market interest and final investment decision. This strategic investment and focus on sustainability reaffirm Royal Vopak's commitment to driving the energy transition and fostering a greener future.