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1. Royal Vopak is a Dutch multinational company that specializes in storing and handling oil, chemicals, and gases.
2. The company was founded in 1614, making it one of the oldest companies in the world that is still in operation today.
3. Its name Vopak is an acronym for the Dutch term Verenigde Oostindische Pakhuizen which translates to United East India Warehouses. This name references the company’s history of being a storage provider for the Dutch East India Company.
4. Vopak has a presence in 25 countries, with over 400 terminals and a storage capacity of more than 35 million cubic meters.
5. The company’s headquarters are located in Rotterdam, Netherlands, and it was listed on the Euronext Amsterdam stock exchange in 1999.
6. In addition to its traditional business of storing and handling oil, chemicals, and gases, Vopak has also expanded its services to include LNG, LPG, biofuels, and other renewable energy products.
7. Vopak embraces sustainability and has set a goal to reduce its carbon emissions by 25% by 2025. It is also working to transition to renewable energy sources in its terminal operations.
8. The company has received numerous awards and recognitions, including being named the Best Oil & Gas Infrastructure Company by World Finance in 2021 and being listed on the Dow Jones Sustainability Index for 14 consecutive years.
9. Vopak played a significant role in the development of the modern tank storage industry, introducing standardization and automation processes that have become the industry standard.
10. In 2020, Vopak announced a strategic partnership with Maersk, the world’s largest container shipping company, to provide supply chain services for the chemical industry.
11. The company’s logo, a blue and white shield with a lion, is a nod to its Dutch heritage and reflects the company’s values of reliability, strength, and protection.
12. Vopak has a strong focus on safety, implementing rigorous safety standards and protocols at all of its terminals. It also provides extensive training and development programs for its employees to ensure a safe working environment.
13. The company has a strong commitment to corporate social responsibility and invests in various community projects and initiatives in the areas surrounding its terminals.
14. Despite its long history, Vopak continues to innovate, using technological advancements such as remote monitoring and data analytics to improve efficiency and safety at its terminals.
15. The company has a diverse workforce, with employees from over 70 nationalities, and is committed to promoting diversity and inclusivity in its workplace.
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Royal Vopak
-9.52%
Logistics / Tank Storage and Logistics Services
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Overview
Royal Vopak is a leading provider of independent tank storage for the oil and chemical industry. The company was founded in 1616 and is headquartered in Rotterdam, Netherlands. It operates a global network of tank terminals in strategic locations for the storage and handling of oil, chemicals, gases, biofuels, and other bulk liquids. Vopak's terminals offer a range of logistics and value-added services such as blending, heating, cooling, and mixing.
The company's business operations are divided into three main divisions: Oil, Chemicals, and Gas. They also have a corporate division that provides centralized support and services to the operating divisions. Vopak's terminals are equipped with modern infrastructure and facilities, including dedicated jetties, pipelines, tank trucks, rail, and barge connections, to ensure efficient and safe handling of a wide range of products.
Royal Vopak is committed to sustainable operations and has implemented various initiatives to reduce its environmental impact. These include carbon capture and storage projects, energy-saving measures, and investments in renewable energy sources.
In addition to tank storage, Vopak also offers specialized services such as tank cleaning, repair, and inspection, as well as bulk liquid logistics solutions. The company has a strong focus on safety, quality, and reliability and is certified to international standards such as ISO 9001, ISO 14001, and OHSAS 18001.
Vopak is a publicly-traded company listed on the Euronext Amsterdam stock exchange and is also included in the AEX index. As of 2021, the company has a global workforce of around 5,700 employees and operates 67 terminals in 25 countries, with a total storage capacity of over 35 million cubic meters.
The company's business operations are divided into three main divisions: Oil, Chemicals, and Gas. They also have a corporate division that provides centralized support and services to the operating divisions. Vopak's terminals are equipped with modern infrastructure and facilities, including dedicated jetties, pipelines, tank trucks, rail, and barge connections, to ensure efficient and safe handling of a wide range of products.
Royal Vopak is committed to sustainable operations and has implemented various initiatives to reduce its environmental impact. These include carbon capture and storage projects, energy-saving measures, and investments in renewable energy sources.
In addition to tank storage, Vopak also offers specialized services such as tank cleaning, repair, and inspection, as well as bulk liquid logistics solutions. The company has a strong focus on safety, quality, and reliability and is certified to international standards such as ISO 9001, ISO 14001, and OHSAS 18001.
Vopak is a publicly-traded company listed on the Euronext Amsterdam stock exchange and is also included in the AEX index. As of 2021, the company has a global workforce of around 5,700 employees and operates 67 terminals in 25 countries, with a total storage capacity of over 35 million cubic meters.
What is special about the company?
1. Global Presence: Royal Vopak is a leading international provider of storage and handling services for liquid bulk products, with a presence in over 25 countries across the globe.
2. Long History: The company has a long history, dating back to 1616 when it was established as a Dutch trading company. It has over 400 years of experience in the industry.
3. Industry Leader: Vopak is a top player in the global tank storage market, with an extensive network of terminals and a vast portfolio of services.
4. Diversified Services: The company offers a wide range of services, including storage, blending, heating, and transportation of liquids, gases, and chemicals.
5. Sustainability: Vopak is committed to sustainability and has set ambitious goals to reduce its environmental impact, including reducing CO2 emissions and investing in renewable energy.
6. Technological Advancements: Vopak has embraced technology and digitalization to improve efficiency and safety in its operations. It is also working on developing more sustainable and innovative storage solutions.
7. Safety and Quality: The company has a strong focus on safety and quality, implementing strict procedures and standards to ensure the safe handling and storage of products.
8. Customer-centric Approach: Vopak puts its customers at the center of its business, offering tailor-made solutions to meet their specific needs.
9. Strong Financial Performance: The company has a strong financial track record, with a solid balance sheet and sustainable profitability.
10. Social Responsibility: Vopak is committed to being a responsible corporate citizen and is actively involved in various community and social initiatives.
2. Long History: The company has a long history, dating back to 1616 when it was established as a Dutch trading company. It has over 400 years of experience in the industry.
3. Industry Leader: Vopak is a top player in the global tank storage market, with an extensive network of terminals and a vast portfolio of services.
4. Diversified Services: The company offers a wide range of services, including storage, blending, heating, and transportation of liquids, gases, and chemicals.
5. Sustainability: Vopak is committed to sustainability and has set ambitious goals to reduce its environmental impact, including reducing CO2 emissions and investing in renewable energy.
6. Technological Advancements: Vopak has embraced technology and digitalization to improve efficiency and safety in its operations. It is also working on developing more sustainable and innovative storage solutions.
7. Safety and Quality: The company has a strong focus on safety and quality, implementing strict procedures and standards to ensure the safe handling and storage of products.
8. Customer-centric Approach: Vopak puts its customers at the center of its business, offering tailor-made solutions to meet their specific needs.
9. Strong Financial Performance: The company has a strong financial track record, with a solid balance sheet and sustainable profitability.
10. Social Responsibility: Vopak is committed to being a responsible corporate citizen and is actively involved in various community and social initiatives.
What the company's business model?
The Royal Vopak company is a Dutch multinational company that specializes in the storage and handling of liquid bulk chemicals, gases, and oil products. Its business model is primarily based on providing storage and handling services for various types of liquids, as well as related logistics and infrastructure services.
Vopak's main customers include oil and gas companies, chemical producers, traders, and industrial companies. Its services include the storage, blending, and handling of liquids, as well as managing and maintaining the infrastructure necessary for these activities.
The company operates a global network of terminals and depots, strategically located near key shipping routes and industrial hubs. It also offers a range of value-added services such as heating, blending, and tank cleaning.
Vopak's business model is focused on long-term partnerships with its customers, providing them with safe and reliable storage and handling solutions to support their supply chain activities. The company aims to achieve this by continuously investing in its terminals, implementing the latest technologies, and maintaining high safety and environmental standards.
In recent years, Vopak has also been expanding its business model to include other activities such as renewable energy and alternative fuels, as well as digital and data-driven services to optimize its operations and meet the evolving needs of its customers.
Vopak's main customers include oil and gas companies, chemical producers, traders, and industrial companies. Its services include the storage, blending, and handling of liquids, as well as managing and maintaining the infrastructure necessary for these activities.
The company operates a global network of terminals and depots, strategically located near key shipping routes and industrial hubs. It also offers a range of value-added services such as heating, blending, and tank cleaning.
Vopak's business model is focused on long-term partnerships with its customers, providing them with safe and reliable storage and handling solutions to support their supply chain activities. The company aims to achieve this by continuously investing in its terminals, implementing the latest technologies, and maintaining high safety and environmental standards.
In recent years, Vopak has also been expanding its business model to include other activities such as renewable energy and alternative fuels, as well as digital and data-driven services to optimize its operations and meet the evolving needs of its customers.
Interesting facts about the company
1. Royal Vopak is a Dutch multinational company that specializes in storing and handling oil, chemicals, and gases.
2. The company was founded in 1614, making it one of the oldest companies in the world that is still in operation today.
3. Its name Vopak is an acronym for the Dutch term Verenigde Oostindische Pakhuizen which translates to United East India Warehouses. This name references the company’s history of being a storage provider for the Dutch East India Company.
4. Vopak has a presence in 25 countries, with over 400 terminals and a storage capacity of more than 35 million cubic meters.
5. The company’s headquarters are located in Rotterdam, Netherlands, and it was listed on the Euronext Amsterdam stock exchange in 1999.
6. In addition to its traditional business of storing and handling oil, chemicals, and gases, Vopak has also expanded its services to include LNG, LPG, biofuels, and other renewable energy products.
7. Vopak embraces sustainability and has set a goal to reduce its carbon emissions by 25% by 2025. It is also working to transition to renewable energy sources in its terminal operations.
8. The company has received numerous awards and recognitions, including being named the Best Oil & Gas Infrastructure Company by World Finance in 2021 and being listed on the Dow Jones Sustainability Index for 14 consecutive years.
9. Vopak played a significant role in the development of the modern tank storage industry, introducing standardization and automation processes that have become the industry standard.
10. In 2020, Vopak announced a strategic partnership with Maersk, the world’s largest container shipping company, to provide supply chain services for the chemical industry.
11. The company’s logo, a blue and white shield with a lion, is a nod to its Dutch heritage and reflects the company’s values of reliability, strength, and protection.
12. Vopak has a strong focus on safety, implementing rigorous safety standards and protocols at all of its terminals. It also provides extensive training and development programs for its employees to ensure a safe working environment.
13. The company has a strong commitment to corporate social responsibility and invests in various community projects and initiatives in the areas surrounding its terminals.
14. Despite its long history, Vopak continues to innovate, using technological advancements such as remote monitoring and data analytics to improve efficiency and safety at its terminals.
15. The company has a diverse workforce, with employees from over 70 nationalities, and is committed to promoting diversity and inclusivity in its workplace.
See Company Due Diligence:
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