An energy storage frontrunner

Following First State Investment’s acquisition of Vopak’s former Amsterdam terminal, Evos Amsterdam is well-positioned 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...