LBC Tank Terminals (LBC) has announced a change in ownership. An agreement has been reached between its current owners (Ardian, APG and PGGM) and Mitsui O.S.K. Lines (MOL), marking the beginning of a new phase for the company. Following all regulatory approvals, the transaction is expected to close within the next three to four months.
LBC is one of the world’s largest independent chemicals focused storage businesses. We own and operate seven state-of-the-art storage terminals at locations in the United States (Houston, Baton Rouge, Freeport) and Europe (Antwerp, Rotterdam), offering loading and unloading services for various transportation modes such as pipeline, vessel, barge, rail tank car and truck. Our total current storage capacity accounts for 3.3 million m3, strategically located at major chemical production hubs and connected to vital chemical processing plants via pipeline infrastructure networks.
MOL is one of the world’s largest shipping companies and is headquartered in Tokyo, Japan. It specialises in marine transportation and logistics, operating a diverse global fleet that includes container ships, bulk carriers, oil tankers, chemical tankers, LNG carriers, car carriers, and specialised vessels. The company is recognised for its focus on innovation and sustainability in the global maritime industry.
MOL positions the chemical logistics business as a business of growth, and this acquisition is part of that strategy. MOL has already expanded its business scale in the chemical tanker business by acquiring shares in Nordic Tankers in 2019 and Fairfield Chemical Carriers in 2024, boasting one of the largest fleets in the world. With the acquisition of LBC, MOL is aiming to lead the global chemical logistics industry. In addition, with demand for the transportation of ammonia and CO2 expected to grow as a result of a more decarbonized society, MOL Group will accelerate the development of its next generation energy business by adding infrastructure that will support the energy transition through the acquisition of LBC.
The operational and commercial synergies between MOL and LBC will provide significant opportunities to further develop the full potential of the company’s platform, particularly in the context of emerging sectors such as new energies. We are confident that this change will position LBC for even greater success, supporting our long-term strategic objectives.
While the change in ownership marks an important milestone, LBC will continue to operate as an independent platform, with a continued focus on safety, sustainability, service, and operational efficiency.
