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Tank storage firm Vopak said on Monday that it has signed an agreement with industrial gas company Air Liquide to develop and operate infrastructure for ammonia import, cracking and hydrogen distribution in Singapore. The companies will look at developing low-carbon ammonia supply chains in Singapore, including ammonia cracking facilities, storage and handling infrastructure at Vopak's Banyan terminal, as well as distributing low-carbon hydrogen through a hydrogen pipeline network, Vopak said.
Tank storage firm Vopak said on Monday it will repurpose part of its Sebarok terminal in Singapore for clients to blend and store marine biofuel. Vopak has conducted biofuel trials with customers since 2022 and the terminal's existing pipeline system has been converted to enable biofuel blending. The plan will help more biofuel companies enter the market and accelerate the decarbonisation of the shipping industry, Rob Boudestijn, president of Vopak's Singapore business unit, said in a statement.
The Netherlands, 14 February 2024 Vopak reports strong FY 2023 results, announces substantial progress on strategy execution and increases shareholder distribution Key highlights FY 2023 Improve EBITDA in FY2023 increased to EUR 964 million, proportional EBITDA to EUR 1,154 million and operating cash return to 14% Reduced our CO2 footprint by 25% compared to our baseline of 2021 and further improved our safety performanceActively managed our portfolio with strategic divestments completed and EUR