June 23, 2025
Aegis Vopak Terminals Ltd. (AVTL) will develop India’s first independent ammonia storage terminal at its existing Pipavav site.
As informed, the terminal will facilitate ammonia imports, serving the extensive fertilizer market. Next to the usage in the fertilizer industry, ammonia is a key carrier for hydrogen and identified as an important product in the energy transition.
The terminal will also support green ammonia exports in the future, this ties in with the strategy to accelerate towards infrastructure for the energy transition.
The terminal is designed as a third-party, independent storage facility with a storage capacity of around 36,000 metric tons and is expected to be commissioned by the end of 2026. Its customers will have the benefit of being connected to the global ammonia market.
The total investment of approximately EUR 53 million (INR 5.3 billion) will be fully funded by AVTL.
We are very pleased with the successful realisation of AVTL’s IPO, a significant milestone reflecting the strong partnership and collaborative spirit between Aegis Logistics and Vopak. The IPO also successfully crystallizes value for Vopak shareholders and strongly supports Vopak’s strategy of expanding our portfolio of gas and industrial terminals. With continued investments in critical infrastructure we are helping the world flow forward.
… said Dick Richelle, CEO of Royal Vopak.
