Vopak takes stake in Chinese petrochemicals terminal
Vopak has acquired a 30% stake in an 890,000-cm petrochemical storage terminal at Haiteng, in Fujian Province, south-east China, which has long-term contracts to serve two petrochemical plants. Vopak acquired the stake in Zhangzhou Gulei Haiteng Jetty Investment Management Company from Xianglu Petrochemical for an undisclosed sum.
