Vopak, Port of Antwerp-Bruges to sustainably redevelop former Gunvor site
SUMMARY
Vopak is acquiring the shares of Gunvor Petroleum Antwerp from commodity trader Gunvor Group, giving it access to the Gunvor concession in the Antwerp port area.
By Shardul SharmaDutch tank storage company Vopak is acquiring the shares of Gunvor Petroleum Antwerp from commodity trader Gunvor Group, giving it access to the Gunvor concession in the Antwerp port area, it said on February 6. The company plans to sustainably redevelop the site.
Together with the Port of Antwerp-Bruges, Vopak will focus on joint development and implementation to support renewable energy. “This is another important step towards a climate-neutral economy,” Vopak said.
The site is some 105 hectares in size and offers deep-sea, river, road and rail access, as well as pipeline connections to Northwest Europe. The adjacent and future pipelines are suitable for transporting propylene, ethylene, CO2 and hydrogen.
Vopak said it will reconfigure the concession with the primary aim of making a positive contribution to the decarbonisation of the industrial cluster on the Antwerp port platform. Where necessary, soil remediation will take place in close consultation with internal and external experts and authorities, it said.
Furthermore, the Port of Antwerp-Bruges and Vopak will continue their discussions to structure their common strategic ambition, which is to jointly develop a new green energy hub.
