Vopak to expand biofuels storage capacity in Malaysia terminal joint venture

Koninklijke Vopak NV

31/07/2025 03:31

SINGAPORE, July 31 (Reuters) - Dutch tank storage firm Vopak VOPA.AS said it would expand its biofuels storage capacity at the Malaysia Pengerang Terminal Two (PT2SB), in line with a company strategy to drive energy transition.

Shareholders in the PT2SB joint venture are Vopak Terminal Pengerang, Dialog Equity (Two), PRPC Utilities and Facilities, and Permodalan Darul Ta'zim.

Vopak said in a statement on Wednesday that the capacity would be expanded by 272,000 cubic meters. A company spokesperson said the capacity would be linked with a bio-refinery operated by existing customer Pengerang Biorefinery.

Vopak's share of investment in the project totals 72 million euros (about $82 million).

The investment aligns with Vopak's strategy to enable more infrastructure that supports energy transition, while strengthening the industrial position the terminal has in the Singapore Straits, the company said.

($1 = 0.875 euros)

 (Reporting by Jeslyn Lerh; Editing by Subhranshu Sahu)

 ((jeslyn.lerh@thomsonreuters.com))