Dutch Vopak to co-build industrial terminal in Malaysia

Dec 22, 2014 - Dutch oil storage firm Vopak (AMS:VPK) said Friday it is involved in a consortium that will develop an industrial terminal in Pengerang, Malaysia, for the storage of crude oil, refined products, petrochemical products and liquefied petroleum gas (LPG).

The industrial terminal will have a storage capacity up to 2.1 million cu m (74.2m cu ft) and Vopak will hold a share of 25%. The other shareholders are Malaysian state-owned oil company Petronas and Dialog Group Berhad (KUL:DIALOG).

The industrial terminal is scheduled to be commissioned in early 2019.

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