May 14, 2024 [Tank Storage]- Proton Ventures and LBC Tank Terminals are collaborating on a strategic joint venture aimed at developing ammonia terminal operations across northwestern Europe and North America.
This partnership unites Proton Ventures’ end-to-end knowledge of the green ammonia value chain with LBC Tank Terminals’ vast expertise in safe and sustainable storage of liquid bulk products requiring specialized handling. By fostering growth and innovation in ammonia terminal operations through united expertise and resources, this business venture sets the stage to meet growing market demand at the forefront of the energy transition.
As a prominent company in the engineering and project management field, Proton Ventures brings extensive experience in managing large-scale ammonia terminal projects, from their initial development to operation. ‘Their comprehensive approach, from feasibility studies to EPC works, underpins their commitment to drive the energy transition through innovative ammonia-based solutions,’ states Paul Cox, CCO of Proton Ventures. ‘They are excited to combine their technical know-how with LBC’s operational excellence to advance the development of green ammonia facilities crucial for reducing global carbon emissions and optimizing renewable energy use.’
With strategic terminal locations across major ports in Europe and the United States, LBC Tank Terminals leads key operations within the global tank storage landscape, providing the infrastructure and services necessary to advance the storage and handling of next-generation products such as ammonia. ‘Their focus on safety, sustainability, service, and efficiency is integral in supporting emerging supply chains. They look forward to combining forces with Proton Ventures for this future-focused endeavour which aligns with their strategic objectives to make positive impact and transform the industry in order to meet global energy needs,’ says Frank Erkelens, CEO of LBC Tank Terminals.
Proton and LBC’s joint venture not only highlights the growing need for sustainable storage solutions but, more importantly, showcases the importance of strategic collaborations in driving the energy transition. The integration of both companies’ core competencies and market positions is set to generate a unique proposition. The partners are targeting to establish the joint venture before summer 2024.
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