Aegis Vopak Terminals announced the completion of a partnership where it will become the largest independent tank storage company for LPG and chemicals in India. LPG is earmarked by the Indian government to provide cleaner and safer cooking fuels for households.
Since the announcement in July 2021, three additional terminals with an additional capacity of 490,000 cubic meters (17.3 million cubic feet) are being included in the partnership. The partnership operates a network of 11 terminals that are in five strategic ports along the east and west coasts of India with a total capacity of approximately 1.5 million cubic meters (53.0 million square feet).
The joint venture is well positioned for further growth, which will target mainly LPG but also chemicals, LNG and industrial terminal opportunities.
