KKR to Buy Japanese Chemical Storage Tank Operator CTT
11.15.2021 By Ricardo Perez - NEWS

November 15, 2021 [realassets.ipe] – KKR’s Asia Pacific Infrastructure Fund has agreed to buy Japanese chemical storage tank operator Central Tank Terminal (CTT) from Macquarie Asset Management for an undisclosed amount.

 

CTT is Japan’s largest independent chemical storage tank operator, offering over 300,000mᶟ of storage capacity across seven terminals located near key ports and strategic hubs around Tokyo Bay, Osaka Bay, Nagoya and Kitakyushu.

Hiro Hirano, partner for KKR Asia-Pacific and CEO of KKR Japan, said the deal marks KKR’s ”first infrastructure investment in Japan with a leading business like CTT”.

KKR already has several investments in Japan from its private equity strategy. These include Seiyu, a nationwide supermarket chain.

Taka Hirayama, a director on KKR’s Infrastructure team based in Tokyo, said: “Under the leadership of CEO Miyakawa, CTT has established itself as one of the top operators in Japan’s tank storage sector, and forged a strong culture of responsible safety and environment management.”

Click Here to Access Today a 7,000 Tank Terminal Database With a Pro Trial
7,000 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

UAE Invests Billions in AI to Diversify Economy Beyond Oil
11.13.2024 - NEWS
November 13, 2024 [Oil Price]- The United Arab Emirates’ state-owned energy giant Abu Dhabi Nat... Read More
Gulf Energy Transition: Assessing Saudi and Emirati Goals
11.13.2024 - NEWS
November 13, 2024 [The Washington Institute]- On October 29, during Saudi Arabia’s annual Futur... Read More
How will The Energy Sector Fare Under Donald Trump?
11.13.2024 - NEWS
November 13, 2024 [Investing Daily]- The energy sector experienced a notable boost following Dona... Read More
PNOC, Pertamina Partner on LNG Infrastructure, Supply Chain
11.13.2024 - NEWS
November 13, 2024 [Manila Bulletin]- State-run Philippine National Oil Company (PNOC) has signed ... Read More