Vopak Divests Stake in Yangpu Oil Terminal in Hainan, China
01.13.2020 By Greta Talmaci - NEWS

January 13, 2020 [Tank News International] – Vopak has completed the divestment of its 49 per cent equity share in the joint venture Vopak SDIC Yangpu Terminal in Hainan, China. The terminal has a storage capacity of 1,339,000 cbm for the storage of crude and petroleum products.

This divestment is the outcome of the strategic review of the terminal, announced in February 2018. The financial details will be shared together with the publication of the Q4 results on February 12, 2020.

In 2011, Vopak and the State Development Investment Corporation (SDIC) of China took the final investment decision to build and operate the independent storage terminal for crude oil and oil products on 58 hectares of land in Yangpu.

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