Vopak aims to fast track new energies and sustainable feedstocks after posting a 3% profit rise, to €106 million, in Q1.
In a statement, it has commissioned repurposed infrastructure in Singapore for low-carbon transportation fuels, reported good progress in changing existing capacity in Alemoa, Brazil and Vlaardingen, Netherlands, and continues to grow its footprint in India after acquiring a new terminal in Mangalore.
The new energies focus will not only shape the future of Vopak, but also contribute to the transition within key industrial clusters and shape future energy hubs.
CEO Dick Richelle said demand for infrastructure services remained robust, resulting in an increased proportional occupancy of 93%, leading it to revise its full year 2024 upwards outlook.
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