LBC to invest in liquid terminal for low-carbon hydrogen in Vlissingen after latest aquisition

November 29, 2024, by Naida Hakirevic Prevljak

Dutch storage solutions provider LBC Tank Terminals has completed the full acquisition of compatriot Evolution Terminals in Vlissingen.

As explained, LBC will further develop its new facility into a hub for the storage and distribution of sustainable products for the energy transition, aligning with North Sea Port’s ambitions.

Evolution Terminals had already proposed constructing a tank terminal for renewable energy products in Vlissingen. LBC will continue to execute these plans, which were previously developed in collaboration with North Sea Port.

With this project, LBC is investing in the construction of a new terminal designed for handling and storing sustainable products that drive the energy transition, such as green hydrogen, ammonia, methanol, biofuels, and CO2. The terminal will be located near the entrance to Sloehaven in Vlissingen, offering access to deepwater facilities.

It will be equipped to accommodate the latest-generation large ammonia tankers. In its initial phase, the tank park will have a capacity of 150,000 cbm. The terminal will include two berths for sea vessels and three for inland vessels. It will also be connected to rail and pipeline networks. Operations at LBC Vlissingen are expected to commence by the end of 2028.

This project is expected to further solidify North Sea Port’s position in Vlissingen as a key hub for the production, handling, and distribution of sustainable products. It will also contribute to North Sea Port’s goal of becoming climate-neutral by 2050, with hydrogen playing a pivotal role in the energy transition.

“This acquisition represents more than just a milestone for LBC. It is a clear testament to our commitment to being a leader in the energy transition. Through this project, we are investing in a greener future for the Netherlands, Northwest Europe, and beyond,” Frank Erkelens, LBC CEO, emphasized.

“This investment in a liquid terminal for low-carbon hydrogen marks a significant step in expanding the hydrogen cluster within North Sea Port and supports the energy transition in the Netherlands and beyond,” Maarten den Dekker, Chief Sustainability and Digital Officer of North Sea Port, said.

“The terminal, which is expected to be operational in 2028 and includes a cracker, will provide a substantial boost to the development of the hydrogen network in the region, encompassing both the Netherlands and Belgium. With this new terminal, North Sea Port strengthens its position as the largest hydrogen hub in the Benelux…”

With this acquisition, Rotterdam-based LBC establishes its eighth terminal, bolstering its presence in the Dutch-Belgian Delta region. LBC already operates terminals in Rotterdam, Antwerp, and the U.S. Gulf Coast.