MOL Completes the Acquisition of LBC Tank Terminals

Mitsui O.S.K. Lines, Ltd. (MOL) has finalized the acquisition of all membership rights in LBC Tank Terminals Group Holding Netherlands Coöperatief U.A. The strategic move is set to bolster MOL’s chemical logistics service and expand its presence in the energy business.

1. MOL Strengthens Chemical Logistics Business

The recent acquisition of LBC Tank Terminals allows MOL Group to enhance its chemical logistics services by integrating tank storage facilities into its portfolio. This strategic expansion aligns with MOL’s growth strategy and positions the company to better serve its customers’ diverse needs.

2. Accelerating Next-Generation Energy Business

With the growing demand for ammonia and CO2 transportation in a decarbonized society, MOL Group aims to accelerate its next-generation energy business. The addition of onshore storage capabilities through the acquisition of LBC will further solidify MOL’s position in the evolving energy market.

ABS Publishes Industry-Leading Requirements for Liquefied Carbon Dioxide (LCO2) Carriers

Content Guidelines

MOL President & CEO Takeshi Hashimoto expressed enthusiasm about the acquisition, highlighting the potential for growth and innovation in collaboration with LBC. The acquisition price for the membership rights totaled US$ 1,715 million, marking a significant investment for MOL Group’s strategic expansion.

Avoid Repetition

MOL Group’s acquisition of LBC Tank Terminals signals a pivotal moment in its portfolio strategy, emphasizing the company’s commitment to sustainable growth and customer-centric solutions. This strategic move positions MOL as a key player in the chemical logistics and energy sectors, driving innovation and value creation for stakeholders.