This new storage facility, which stores strategic oil reserves for the Netherlands and other EU member states, is a joint venture of Vopak and its partner NIBC European Infrastructure Fund(NEIF) in which both companies are 50% shareholder.

Vopak will operate the new terminal which has an initial storage capacity of 660,000 cubic meters, comprising 11 tanks with a storage capacity of 60,000 cubic meters each, and a jetty for sea-going vessels. This capacity has been rented out for a long-term period and the terminal can beexpanded to a total storage capacity of up to 2.76 million cubic meters in the future. The terminal has been designed and will be operated in compliance with European and Dutch environmental standards.

Marijke van Beek, Mayor of Eemsmond: “The arrival of Vopak is for me a symbol of the strength and growth of Eemshaven, an energy port approaching maturity. As a tank storage and transshipment service provider, Vopak can play an important role in the logistic growth of Eemshaven, which will unquestionably take place.”

Harm D. Post, Director of Groningen Seaports: “The arrival of Vopak reinforces Eemshaven as an energy port in the Netherlands. From an economic perspective, this is a very interesting addition to our existing energy activities. Furthermore, Vopak has demonstrated good business practice because of its modern entrepreneurial approach towards environmental organizations.”

Jeroen Drost, Chairman and CEO of NIBC: “The new Vopak storage terminal is another important step for the Netherlands in maintaining a leading global position in oil logistics. NIBC is proud to be a partner in this project, also because it complies with all stringent sustainability and environmental requirements.”

Eelco Hoekstra, Chairman of the Executive Board and CEO of Vopak: “We are very pleased with the opening of this special terminal, the 84th addition to Vopak’s worldwide network of tankstorage terminals. For Vopak this is the first terminal built for strategic oil reserves and it was developed after constructive consultation with all stakeholders, including NGOs, which was particularly important in light of the proximity to the ‘Waddenzee’ nature reserve. Vopak again demonstrated that it has been able to construct and commission the terminal safely, according toschedule, and within budget.”