Independent journal on economy and transport policy
14:37 GMT+1
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Dow sells three terminals to the Vopak Industrial Infrastructure Americas joint venture
The new company is owned by Vopak and a BlackRock fund. Transaction valued at 620 million dollars
September 14, 2020
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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