LBC Tank Terminals: expanding import capacity to the Netherlands

Acquisition of Evolution Terminals in Vlissingen

LBC Tank Terminals has completed a 100% share acquisition of Evolution Terminals, adding to its bulk logistics and infrastructure portfolio. Together with North Sea Port, Evolution plans to develop a new renewable commodities import terminal in Vlissingen, Netherlands. To be located at the entrance of the port, the deep water facility will be capable of handling “the new generation of very large ammonia carriers”. LBC notes that Vlissingen port will also be home to ammonia crackers, connections to major hydrogen pipeline corridors, and other enabling infrastructure.

The new terminal (named LBC Vlissingen) features an initial phase of 150,000 m³ ammonia storage capacity, two deep sea jetties, three barge jetties (for downriver ammonia transport), and optional rail loading facilities. The initial phase is expected to be operational at the end of 2028. LBC joins Vesta Terminals, Uniper, Proton Ventures and Vopak in the development of new (and retrofit of existing) infrastructure in Vlissingen for expanded ammonia imports.

This acquisition is more than just a milestone; it’s a clear statement of our intent to lead the way in the energy transition. With this project and with the support of North Sea Port, we are investing in a cleaner, greener future for the Netherlands, Northwest Europe, and beyond.

Frank Erkelens, CEO of LBC Tank Terminals in his organisation’s official press release, 26 Nov 2024

I am very pleased the Evolution Terminal team successfully achieved its pre-development goals and to have passed this unique and important development project for renewable energy products to an industry leading developer and safety focused operator…LBC’s acquisition provides surety to the stakeholders of a successful transition and development through to operations and realization of the future terminal.

Andrew Hromyk, owner of Evolution Terminals in LBC Tank Terminal’s official press release, 26 Nov 2024

This investment in a liquid terminal for low carbon hydrogen marks a significant step in the expansion of the hydrogen cluster within North Sea Port and contributes to the energy transition in the Netherlands and abroad. The terminal, scheduled for completion in 2028 and including a cracker, will provide a substantial boost to the development of the hydrogen network in the region and both the Netherlands and Belgium.

Maarten den Dekker, Chief Sustainability and Digital Officer of North Sea Port in LBC Tank Terminal’s official press release, 26 Nov 2024