Vopak, a global leader in storage and infrastructure solutions, has signed a significant strategic cooperation agreement with the Vice Mayor of Tianjin delegation aimed at supporting the repurposing of Vopak Tianjin’s infrastructure for new energies. This collaboration marks a crucial step towards embracing green methanol, sustainable aviation fuel, and potentially ammonia and LOHC (Liquid Organic Hydrogen Carrier) as part of Tianjin’s energy landscape.
The agreement outlines plans for close collaboration between Vopak and Tianjin Port Group to develop a green methanol bunkering service solution. Tianjin, renowned as the economic hub of Bohai Bay and the largest port in Northern China, is witnessing a surge in new energy projects. Consequently, it is evolving into a pivotal logistics hub for the development of these sustainable energy sources.
Vopak’s commitment to accelerating portfolio investments towards new energies and sustainable feedstocks is evident in its allocation of EUR 1 billion in growth capital by 2030, as announced in June 2022. The company’s strategic focus encompasses infrastructure solutions for low-carbon and renewable hydrogen, ammonia, CO2, long-duration energy storage, and sustainable feedstocks. This approach not only shapes the future of Vopak but also contributes positively to the transition within key industrial clusters and the development of energy hubs worldwide.
About Vopak
With a history spanning over 400 years, Vopak has continuously led fundamental transformations, prioritizing safety, reliability, and efficiency. The company’s global network of terminals facilitates the storage and distribution of essential products, ranging from energy sources for homes and businesses to chemicals and edible oils. Now, leveraging its expertise and in collaboration with partners and customers, Vopak is at the forefront of accelerating infrastructure solutions for hydrogen, ammonia, CO₂, long-duration energy storage, and low-carbon feedstocks, paving the way for a more sustainable future.
Source Vopak