Vopak Plans to Buy Terminals in Malaysia

Tank terminal operator Vopak says it plans to acquire Intercontinental Terminals (Pasir Gudang) in Malaysia, from Mitsui & Co and Tejana Trading Corp. (Kuala Lumpur). The terminal is located in the free trade zone at Johor Port in Pasir Gudang. Vopak plans to expand the terminal’s capacity to support the rapid growth in the production and export of palm oil, related oleochemical products, biodiesel, and petrochemical products in the Pasir Gudang region, the company says. After the acquisition is completed, the facility will be named Vopak Terminal Pasir...

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