- MOL Expands Chemical Logistics with LBC Acquisition.
- LBC Deal Adds Tank Storage to MOL’s Portfolio.
- MOL Targets Energy Transition with LBC Integration.
On June 30, Mitsui O.S.K. Lines, Ltd. (MOL) shared some exciting news: they’ve officially completed their acquisition of all membership rights in LBC Tank Terminals Group Holding Netherlands Coöperatief U.A., after getting the green light from all the necessary authorities. This deal, which is valued at a whopping US$1.715 billion, follows a sale and purchase agreement that was signed back on March 7, 2025, reports MOL.
Strategic Expansion into Chemical Logistics and Tank Storage
This move is a key part of MOL’s larger strategy to bolster its chemical logistics business, which they see as a major growth opportunity. It builds on their earlier acquisitions of Nordic Tankers in 2019 and Fairfield Chemical Carriers in 2024.
By bringing LBC’s tank storage operations into the fold, MOL is expanding its service offerings beyond just marine transport. This positions the company to better meet the changing needs of its customers and helps create a more stable revenue stream, all in line with its BLUE ACTION 2035 management plan, which highlights tank terminals as a business with low market volatility.
Boosting Next-Gen Energy Logistics with Storage Capabilities
Additionally, this acquisition aligns with MOL’s goals in next-generation energy logistics, especially as demand for transporting ammonia and CO₂ rises in light of global decarbonization efforts. With onshore storage now part of their capabilities, MOL can provide a more complete logistics solution.
MOL CEO Highlights Synergy and Future Growth
MOL President & CEO Takeshi Hashimoto shared his vision for the collaboration: “We are excited to welcome, one of the world’s largest tank terminal operators, LBC to the MOL Group. Together with LBC, we will accelerate our business reforms into a social infrastructure service provider to achieve our long-term Group Vision. We see great potential for both companies’ growth by combining MOL’s global reach with LBC’s expertise in tank terminal operations and creating new value for customers and society. Together with LBC, we will expand the value-chain of the next-generation energy business, in addition to strengthening the chemical logistics business”.
LBC CEO Emphasises Shared Vision and Sustainable Growth
LBC Group CEO Frank Erkelens echoed the enthusiasm, citing shared values and long-term alignment: “We look forward to beginning this new chapter as part of the MOL Group and unlocking the full potential of our combined strengths. Guided by shared values, complementary expertise, and long-standing commitment to excellence, we see great opportunities to make a meaningful impact, expand our global presence, and support the evolving needs of next-generation energy and chemical industries. Together, we are uniquely positioned to deliver on our ambitions for growth, innovation, and a sustainable future”.
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Source: MOL
