Aegis and Vopak announced that the companies have decided to join forces in India with the aim to grow together in the LPG and chemicals storage and handling business. The new partnership Aegis Vopak Terminals Ltd. will operate a network of 8 terminals that are located in five strategic ports along the east and west coast of India. With a total capacity of around 960 thousand cbm, the partnership will become one of the largest independent tank storage companies for LPG and chemicals in India. LPG is earmarked by the Indian government to provide cleaner and safe cooking fuels for households. The partnership is well positioned for further growth, which targets mainly LPG and also chemicals and industrial terminal opportunities. This investment is another step for Vopak towards its strategy to allocate capital to grow in gas markets. The transaction is expected to close early 2022, subject to customary closing conditions.