New Energy Storage Company ADVARIO Focused on Providing Sustainable Infrastructure for the Future
05.05.2022 - NEWS

Oiltanking carve-out focused on growth in chemicals, gases and new energies to take a frontrunner role in transforming the energy storage industry, through strategic partnerships and by putting ESG at the heart of everything it does.

 

Rotterdam, May 5, 2022: Advario, a leading global partner in liquid storage logistics, today launched its new company name and brand. Advariois committed totaking on a frontrunner role, together with its partners, in the energy transition by ensuring safe and reliable storage infrastructure for sustainable liquids.

The storage industry has a key role to play to progress the energy transition and partner with other players along the value chain to ensure undisrupted, secure access to low carbon energy everywhere in the world. Advario’s strategy is focused on growing its business across three segments:chemicals, gas and increasingly,new energies.

Starting with a global network of 13 strategically located terminals, in China, Europe, Middle East,Singaporeand the United States,Advarioaims to double its business by the end of the decade. Its strong commitment to sustainability will support customers and partners in reducing their carbon footprint, whilst materially growing the share of sustainable revenues. At launch, Advario has announced to commit to achieving net zero operations by 2040, latest.

Bas Verkooijen, Advario CEO says: “We are convinced that only through highly ambitious ESG standards we will achieve ‘betterbusiness’for our partners, society and ourselves.For me this means that besides ambitiously growing our business, an equally important priority will be to operate our business with the highest care for our people, the communities we work in and the environment we live in.”

Advariorecognizes that the required systemic change of the energy sector is complex and can only be achieved through close collaboration by all players in the industry. By combining capabilities, sharing risks and pursuing opportunities together, Advarioplaces true, transformational partnerships at the forefront of its business strategy.

Verkooijen adds: “The tank storage industry has a key role to play in enabling the energy transition as well as supply security. Today we are making a bold step forward by launching –Advario –our new company that will be focused on growth in petrochemicals, gases and new energies and puts sustainability at the heart of what we do. I am proud that we as Advario are committed to achieving net zero operations, by 2040. With a team of 1200 highly committed storage experts, our strategic global network and our long legacy in the industry, we are very well placed to take up a frontrunner role in transforming our industry, together with our partners.”

About Advario

Advariois a leading global player in the storage industry, with a focused growth strategy on chemicals, gas and new energy and a strong commitment to embed ESG and sustainability across its entire operations. Advario is a carve-out of Oiltanking GmbH and is committed to play a frontrunner role in the energy transition through developing transformational partnerships. Advario is headquartered in Rotterdam and operates 13 terminals in Europe, China, Singapore, Middle East and the United States,witha total storage capacity of 8 mln cbm. The company takes a focused and collaborative approach to, together with its partners, find storage and logistics solutions in the energy and chemical industry. Building on 50 years’ family-owned business history, Advario consists of a team of 1200 inventive, solutions driven storage experts who apply leading industry expertise and experience to terminal operations as well as new project delivery. Advario will operate as a 100% subsidiary of Oiltanking GmbH.

About Bas Verkooijen

Bas Verkooijen has 25 years’ experience in the Energy industry. Prior to joining Advario, Bas worked at OMV. In his role as the Senior Vice President Product Supply & Sales and member of the OMV Downstream leadership team, he was responsible for the group’s supply, logistics and commercial sales of refined products as well as petrochemicals. Bas started his career at Shell where he led various downstream businesses in Europe, Russia, Middle East, Asia and Oceania. Bas holds a master’s degree in Business Administration from the University of Groningen in the Netherlands.

For more information on Advario, please visit www.advario.com

For more information on Oiltanking, please visit www.oiltanking.com

For media inquiries, please contact:

Harald Boersma

Email: advariopressoffice@edelman.com

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