Overview
Vopak is an international provider of storage and handling infrastructure for energy and manufacturing supply chains, serving products including bulk liquids and gases. Its stated purpose is “We help the world flow forward.” [1][2] Its global network comprised 75 terminals in 50 ports across 21 countries, with 35.5 million cubic metres of storage capacity.[3]
For the 2025 reporting year, Vopak reported consolidated revenue of €1,299 million and 5,007 employees across subsidiaries and operationally controlled joint ventures and associates.[4][5] The company traces its heritage to 1616 and was formed in 1999 through the merger of Pakhoed and Van Ommeren.[6] [4][5][1][2][3][6]
Products & services
Vopak’s products are infrastructure services rather than the commodities themselves: it provides storage, handling and transshipment for gas, chemicals, oil, and lower-carbon fuels and feedstocks. Capabilities described in its supply-chain overview include LNG storage and regasification; open-access LPG storage and handling; chemical feedstock imports and product exports; crude and refined-product storage and transshipment; and storage and transshipment for bio-based feedstocks and products.[7] Its service portfolio includes industrial terminal services such as blending, heating, chilling, pipeline connections, and vessel, truck or rail access, depending on the terminal.[2][8][9]
Specific infrastructure examples illustrate the range of capabilities: Vopak’s Singapore ammonia facility includes a 10,000 m³ refrigerated tank at Banyan Terminal and distribution to users by pipeline or truck; its Pengerang Terminals (Two) facility has approximately 1.5 million m³ of capacity for crude, refined petroleum, petrochemical and gaseous products. These are site-specific specifications, not group-wide capacity figures.[10][11] The company also identifies CO₂ aggregation and liquefied-CO₂ export, ammonia storage and handling as a hydrogen carrier, and battery-energy storage as infrastructure it is working towards.[7]
In FY2025, Vopak reported proportional revenue of €1,916.4 million across product categories: chemicals €684.1 million (about 35.7%), oil €683.5 million (35.7%), gas €334.8 million (17.5%), vegoils and biofuels €155.5 million (8.1%), and other €58.5 million (3.1%). Percentages are calculated from the reported category amounts.[12] [7][12][2][8][9][10][11]
Geographic presence
Vopak operates across 23 countries, with 77 terminals in 50 ports according to its Q3 2025 company presentation [13]. Examples of locations identified in its 2025 reporting include Rotterdam, Antwerp and Spain in Europe; Durban and Lesedi in South Africa; Fujairah in the UAE; Singapore, Malaysia, Thailand, China and Vietnam in Asia; and sites in Australia, Canada, the United States and Mexico [14]. These are examples, not a complete list of its operating locations.
Vopak’s business units are primarily organized geographically [15]. For 2025, reported business-unit revenues totaled €1,298.9 million: Netherlands €342.3 million (26.4%); Singapore €288.0 million (22.2%); USA & Canada €235.7 million (18.2%); All other Business Units €310.8 million (23.9%); Asia & Middle East €73.0 million (5.6%); and China & North Asia €40.3 million (3.1%). Global functions and corporate activities contributed €8.8 million (0.7%) [16]. “All other Business Units” comprises Brazil, North Latin America, South Africa and Belgium [17]. These figures are reported by business unit, rather than as a breakdown of sales by customer destination.
Vopak reported 5,007 employees across 23 countries in 2025. The largest country headcounts were the Netherlands (999; 20.0%), China (900; 18.0%), the United States (428; 8.5%), Singapore (387; 7.7%) and Malaysia (386; 7.7%) [18]. Its head office is in Rotterdam, the Netherlands [19]. [14][15][16][16][16][16][16][16][16][16][17][18][18][18][18][18][18][19][13]
Business segments
Vopak’s FY2025 formally reported operating segments are geographic: Asia & Middle East, China & North Asia, Netherlands, Singapore, USA & Canada, and All other Business Units. It reports Global functions and corporate activities separately; “of which United States” is a subtotal within USA & Canada, not an additional segment. The geographic segment table does not assign distinct product specialisms to each region.[16]
Approximate FY2025 shares of reported segment revenue / total segment EBITDA, respectively, were: Asia & Middle East 5.6% / 17.0%; China & North Asia 3.1% / 7.2%; Netherlands 26.4% / 24.9%; Singapore 22.2% / 23.4%; USA & Canada 18.1% / 15.7%; All other Business Units 23.9% / 21.8%; and Global functions and corporate activities 0.7% / −10.1%. Percentages are calculated from the reported amounts; the EBITDA denominator includes the negative corporate contribution.[16]
As a complementary view of business focus—not a separate set of reportable segments—FY2025 revenue by product type was chemical products 35.7%, oil products 35.7%, gas products 17.5%, vegoils and biofuels 8.1%, and others 3.1%. Vopak describes its gas activities as LNG/LPG infrastructure, regasification, storage and handling; chemical activities as storage and transshipment of feedstocks and produced products; and oil activities as storage and seaborne transshipment for crude and refined products. Its activity scope also includes low-carbon fuels and feedstocks, CO₂, ammonia as a hydrogen carrier, and battery-energy storage.[12][7] [16][16][16][16][16][16][16][16][16][16][16][16][16][16][16][16][12][12][12][12][12][12][7]
Company history
Vopak traces its origins to Amsterdam’s Blaauwhoedenveem, with 1616 used as a conservative estimate based on a reference to storehouses; the first known mention of the business is from 1617. Two other important predecessors were established in the nineteenth century: Pakhuismeesteren van de Thee in 1818 and Van Ommeren in 1839.[6][20]
In 1917, Blaauwhoedenveem merged with Vriesseveem, and in 1967 Blaauwhoed merged with Pakhuismeesteren to form Pakhoed. Pakhoed and Van Ommeren merged in 1999 to create Vopak; the combined company subsequently concentrated on tank storage and divested other activities.[21][20][6]
Vopak began operating in Singapore in 1983, starting with one terminal. In the following decades, it expanded its storage activities internationally and into new infrastructure: the Gate LNG terminal in Rotterdam, developed with Gasunie, began operations in September 2011.[22][23]
From 2014, Vopak reviewed its terminal portfolio and announced plans to divest around 15, primarily smaller, terminals; its 2015 results reported the sale of three U.S. terminals. Dick Richelle became CEO on January 1, 2022, succeeding Eelco Hoekstra.[24][25] [6][20][21][22][23][24][25]
Sources
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