June 8 (LNGJ) - Royal Vopak, the Netherlands-based global storage company with stakes in liquefied natural gas terminals and a new LNG import project for Hong Kong, has hosted its Capital Markets Day in Rotterdam and updated analysts on strategic priorities. “Vopak will grow its base in industrial and gas terminals by allocating €1 billion ($1.07Bln) to these activities by 2030. This will further support a long-term and steady cash flow generation. Vopak will continue to invest in the growing global gas markets and expand its network of LNG and LPG terminals at strategic locations,” said the company.
“Vopak aims to further grow and maintain its position as market leader in industrial terminals and to improve the performance of the portfolio and targets an operating cash return of at least 10 percent by 2025. The company expects that the share of proportional capital employed in industrial and gas will further increase, while the share of oil and chemicals will gradually decline,” it added.
