LBC Tank Terminals (LBC) has announced a change in ownership, with Mitsui O.S.K. Lines (MOL) acquiring the company from its current owners Ardian, APG, and PGGM. The agreement, finalized on March 7, 2025, is pending regulatory approvals and is expected to close within three to four months.
About LBC Tank Terminals
LBC is a leading independent chemical storage provider, operating seven terminals in the United States (Houston, Baton Rouge, Freeport) and Europe (Antwerp, Rotterdam). The company provides multi-modal loading and unloading services across pipelines, vessels, barges, rail tank cars, and trucks, with a total storage capacity of 3.3 million cubic meters.
Under its current ownership, LBC:
- Enhanced safety and sustainability, earning a Platinum Ecovadis rating and 5-star GRESB rating.
- Completed significant expansions, addressing the rising demand for chemical and new energy storage.
MOL’s Strategic Expansion in Chemical Logistics
MOL, a Tokyo-based global shipping company, has positioned chemical logistics as a key growth area. The acquisition of LBC follows MOL’s previous investments in the chemical tanker sector, including:
- Nordic Tankers (2019)
- Fairfield Chemical Carriers (2024)
This move strengthens MOL’s global leadership in chemical logistics and aligns with its strategy to support the energy transition. With increasing demand for ammonia and CO₂ transportation, LBC’s infrastructure will play a vital role in next-generation energy solutions.
Future Operations and Strategic Outlook
Despite the ownership change, LBC will continue to operate as an independent platform, maintaining its focus on safety, sustainability, and operational efficiency. The synergies between MOL and LBC are expected to unlock new opportunities in chemical and new energy markets, ensuring long-term growth and leadership in the sector.
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Source: LBC
