Vopak reports Q3 2021 results

The company’s EBITDA, adjusted for €13 million negative currency effects, increased by €29 million compared to Q3 2020, driven by a growth project contribution of €35 million and improved efficiency. Vopak has reported a proportional occupancy rate of 88%, similar to 2020.

In this quarter, Vopak delivered new capacity of a total of 57,000 m³ at its Antwerp Linkeroever (Belgium) and Rotterdam Botlek (the Netherlands) facilities. It also announced the opening of a new 144,000 m³ terminal on the US Gulf Coast, and that it was considering the strategic options for its terminals in Sydney and Darwin in Australia. Vopak also opened the 25 MW Vopak Solar Park Eemshaven, a joint venture between Vopak, Groningen Seaports, and Whitehelm Capital, and switched completely to green electricity for its Dutch terminal activities. Dick Richelle, a member of the strategic committee of Royal Vopak, has been named as the successor to Eelco Hoekstra, who is stepping down as chairman of the executive board and CEO.