Vopak Buys Terminal in Malaysia

Vopak says it plans to acquire Intercontinental Terminals (Pasir Gudang, Malaysia) from Mitsui & Co. and Tejana Trading Corp. (Kuala Lumpur). The terminal is located in the free trade zone at Johor Port, Pasir Gudang. Vopak plans to expand the terminal’s capacity to support 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. The facility will be named Vopak Terminal Pasir Gudang on completion of the acquisition. The terminal lies within...

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