September 23, 2024 [Storage Terminals Magazine]- Advario has successfully acquired full ownership of Advario Helios Singapore Pte Ltd (“Helios terminal”) by purchasing the remaining stake from Macquarie Helios Holdings Limited, a joint venture between Macquarie Capital and the Employees Provident Fund Board of Malaysia.
This acquisition gives Advario 100 percent control of the strategically located Helios terminal on Jurong Island, Singapore.
The Helios terminal, with a 503,000 m³ storage capacity, is an integral part of Singapore’s bunkering ecosystem, supplying industrial gases and managing various fuels and gases. Its prime location, waterfront access, and expansion potential make it ideal for supporting future energy solutions, including low-carbon ammonia, methanol, biofuels, and eventually hydrogen.
This acquisition demonstrates Advario’s confidence in Singapore’s strategic direction and its commitment to the nation’s sustainable development goals. It further strengthens Advario’s role in the region’s energy transition efforts.
“We’re excited to deepen our investment in Singapore, reaffirming our long-standing position as a key player in Singapore’s energy sector,” said Bas Verkooijen, CEO of Advario. “This acquisition supports Singapore’s energy transition goals and aligns with our strategy for sustainable growth and future energy solutions.”
With four terminals already operational in Singapore, this acquisition enhances Advario’s regional presence and its ability to support customers and partners with integrated storage solutions as they shift towards cleaner energy sources.
