March 30, 2023
Finance Pakistan

Engro Corporation, Royal Vopak Celebrate 25 Years Of Strategic Cooperation

Engro Elengy Terminal has successfully handled over 450 ship-to-ship transfers since its inception, as a result, Pakistan has been able to save more than $3 billion through import substitution of furnace oil.

In 2015, Engro developed the first-ever LNG terminal facility of Pakistan. Built in a record 335 days, the LNG terminal currently handles 68% of all LNG imports into Pakistan and now fulfills around 15 percent of the country’s daily domestic gas requirement.

Engro Corporation, Pakistan’s premier conglomerate, and Royal Vopak of the Netherlands – the world’s largest bulk liquid storage and handling company – have recently celebrated 25 years of strategic partnership that has led to mutual growth and helped promote energy security and industrialization in Pakistan. Engro’s business relationship with Royal Vopak dates back to 1997, when the joint venture of Engro Vopak Terminal Limited (EVTL) was commissioned as a state-of-the-art chemical storage and handling business at Port Qasim. The relationship between Engro and Royal Vopak of the Netherlands was further strengthened in 2018 when Royal Vopak acquired in total 44 percent shareholding of Elengy Terminal Pakistan Ltd (ETPL) to enhance its global LNG portfolio.

EVTL is the only facility in Pakistan that combines services for bulk storage of chemicals, cryogenic and LPG gases all under one operations.

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