Please use a modern browser. This website is not designed for versions of Internet Explorer below IE10
masthead
masthead
masthead
masthead
menu

Issue Contents


Volume 15, Issue 6
Published: October 29, 2019
An energy storage frontrunner

Following First State Investment’s acquisition of Vopak’s former Amsterdam terminal, Evos Amsterdam is wellpositioned
to become a frontrunner in current and new forms of energy storage & distribution

The Evos Amsterdam terminal has significant potential to be one of the storage leaders in the global energy transition as well as cementing its position in the clean petroleum products market following its acquisition by First State Investment.
First State, the international arm of First Sentier Investors, bought Vopak’s terminals in Amsterdam and Hamburg for €600 million and rebranded them to Evos having identified the synergies both facilities have with the company’s long-term infrastructure investment philosophy. The change of ownership was completed on September 30 and following that, it was announced that First State also reached agreement on the acquisition of Vopak Terminal Algeciras.
Its facility located in the heart of the Port of Amsterdam, the largest gasoline port in Europe, was established in 2011 with a capacity of more than 1.2 million m3 for clean petroleum products such as gasoline, diesel, and gasoil as well as related components used for blending.
The Hamburg terminal comprises 149 tanks with a total capacity of 670,000 m3 for various liquids products and the Algeciras terminal has a capacity of 403,000 m3 for bunker fuels. All the terminals are ideally positioned to play an important role in the transitional movement towards more renewable forms of energy, supported by an owner that has the desire to invest in sustainable forms of energy production, storage, and distribution.

To read this article in full, subscribe now >
An energy storage frontrunner
Following First State Investment’s acquisition of Vopak’s former Amsterdam terminal, Evos Amsterdam is wellpositionedto become a frontrunner in current and new forms of energy storage & distribution The Evos Amsterdam terminal has significant potential to be one of the storage leaders in the global energy transition as well as cementing its position in the clean petroleum products market following its acquisition by First State Investment...
To read this article in full, subscribe now >
The sustainable energy solution
Channoil Consulting’s Mark Waddington examines the future of sustainable fuels, EU Renewable Energy directives, supplier requirements and the impact this could have on the European storage sector As the world looks for more sustainable energy solutions, a big feature in the transition to sustainability will be biofuels...
To read this article in full, subscribe now >
Fuelling the future
An innovative new carrier technology that makes hydrogen easier and safer to store, transport & distribute is the first step in facilitating global hydrogen supply to industrial energy sectors The role of renewable energies in reducing the environmental burden of global energy emissions has resulted in an increase in innovative technologies to unlock their full potential...
To read this article in full, subscribe now >
A greener storage future
As sustainability firmly takes the spotlight across the globe, storage operators are embarking on initiatives to future proof their businesses by ensuring they remain a relevant part of the new energy supply chain...
To read this article in full, subscribe now >
Decarbonising the EU economy
For those of you who are new to FETSA, it is the Federation of European Tank Storage Associations...
To read this article in full, subscribe now >
Europe's LNG potential
North West Europe’s leading LNG hub continues to break records as a global supply glut results in increased throughput and loading activity In a few short years Gate Terminal has seen LNG activity surge considerably at its facility as global production capacity increases against growing interest in the environmentally friendly fuel product...
To read this article in full, subscribe now >
Oil market vulnerabilities exposed
An attack on two oil facilities in the world’s largest crude oil exporting county sent shockwaves throughout oil markets and raised concerns about the vulnerability of the global supply chain...
To read this article in full, subscribe now >