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24 September 2020 The on-line newspaper devoted to the world of transports 17:27 GMT+2

September 14, 2020

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Original news
Dow sells three terminals to Vopak Industrial joint venture Infrastructure Americas

The new company is owned by Vopak and a BlackRock fund. Transaction valued at USD 620 million

A 50:50 joint venture formed by the company Dutch terminalist Vopak from the Global Energy & Power fund Infrastructure Fund managed by BlackRock will acquire for 620 million dollars three industrial terminals in the U.S. Gulf of The Dow Chemical Company. In addition, under the agreement, which is expected to will be completed by the end of this year, the new joint Venture Vopak Industrial Infrastructure Americas will sign up to a long-term agreement with Dow to provide services storage and infrastructure services.

The acquisition includes a terminal in Freeport, Texas, which has 53 tanks with a total capacity of 140,000 meters cubes for the storage of chemicals, a terminal in St. Charles, Louisiana, which has 73 tanks of the capacity of 409 thousand cubic meters for the storage of chemicals and a terminal in Plaquemine, Louisiana, which has 30 reservoirs total capacity of 303 thousand cubic meters for storage chemicals and refined petroleum products. In addition, acquired assets include 16.4 hectares of areas on which to expand terminals, 36 docks, pipelines and railway infrastructure Road.

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