Aegis Logistics JV with Royal Vopak to grow LPG and chemical storage in India

Aegis Logistics and Royal Vopak of the Netherlands on Tuesday announced that of forming a joint venture (JV) – Aegis Vopak Terminals (AVTL), to grow together in the LPG, chemicals storage, and handling business.
Under this new partnership, we will see the two companies operate a network of terminals that are currently located in five strategic ports along the east and west coast of India. With a total capacity of around 9,60,000 cubic meters, the partnership will become one of the largest independent tank storage companies for LPG and chemicals in India and provide further growth, which targets mainly LPG and also chemicals and industrial terminal opportunities.
This investment would help Royal Vopak towards its strategy to allocate capital to grow in gas markets. The transaction is expected to close in early 2022, subject to customary closing conditions.