Vopak targets leading role in global hydrogen trade
Commodity storage company has up to €350mn available to invest in hydrogen projects this year as it pursues a strategy built on global port presence
Dutch commodity storage company Vopak is setting itself up to play a crucial role in the growing worldwide trade in hydrogen, which it sees as one of the vital energy products of the future, its recently appointed global director of new energies tells Hydrogen Economist. The Rotterdam-based firm, which has traditionally focused on storing oil and chemicals, is placing bets for future business growth on storing new types of energy carriers, including hydrogen. “We believe that hydrogen will ultimately develop into a globally traded energy commodity in which Vopak's infrastructure can play a crucial role to facilitate and balance global supply and demand,” says Marcel van de Kar, who started a
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges