LBC Tank Terminals has acquired 100% of the shares of Evolution Terminals, from Vision Energy Holdings AG.
The project will be developed on prime land at the entrance of the port with access to deep water capable of handling the new generation of very large ammonia carriers. Vlissingen, located at the entrance of the Westerschelde waterway towards Antwerp, Belgium, is well positioned to serve markets for, among others, ammonia, hydrogen, CO2, methanol and biofuels. With ammonia cracking facilities, connections to main hydrogen pipeline corridors and significant infrastructure developments, Vlissingen will strengthen its position as key hub for renewable energy imports, connecting Mid and Southern Germany, Belgium, and the Netherlands.
Frank Erkelens, CEO of LBC Tank Terminals says: ‘This acquisition is more than just a milestone; it’s a clear statement of our intent to lead the way in the energy transition. With this project and with the support of North Sea Port, we are investing in a cleaner, greener future for the Netherlands, Northwest Europe, and beyond.’
Andrew Hromyk, owner of Evolution Terminals says: ‘I am very pleased the Evolution Terminal team successfully achieved its pre-development goals and to have passed this unique and important development project for renewable energy products to an industry leading developer and safety focused operator, as we experienced during all our interactions with the LBC team.’
