July 11, 2024 [Chemical Industry Digest]- Aegis Vopak Terminals Ltd. (AVTL), an independent tank storage company for LPG and chemicals, is evaluating various funding strategies to support its future expansion plans. The joint venture between the Aegis Group and Royal Vopak aims to enhance its network of storage facilities throughout India, aiming for wider coverage and better service delivery to its clients.

AVTL leverages the strengths of both partners: Aegis Group, an Indian firm specializing in logistics, supply chain solutions, and storage services for petroleum products, chemicals, and gases, and Royal Vopak, which is into storage and infrastructure solutions headquartered in Rotterdam, Netherlands.

By 2024, Aegis Vopak Terminals Ltd. has achieved a storage capacity of around 1.5 million cubic meters, distributed across eleven terminals located at five key ports along India’s east and west coasts. The terminals mainly handle LPG and chemicals.

India’s chemical industry is among the largest and fastest-growing sectors, covering pharmaceuticals, agrochemicals, specialty chemicals, and petrochemicals. The country’s significant chemical exports rely on efficient storage infrastructure to maintain its global competitiveness.

As reported by fuelsandlubes.com, the AVTL board is currently exploring several capital-raising options, including a possible public issue, preferential issue, or a mix of equity shares and debt. The goal is to bolster AVTL’s infrastructure and capabilities, supporting its ongoing growth and expansion within India’s vital storage and logistics sector.

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