Global Energy Storage Group (GES) has completed the divestment of its Rotterdam storage facility to Tepsa, marking a decisive shift in the company's geographical focus as it channels resources toward high-growth Asian markets. The transaction involves a substantial 212,000 cubic metre tank storage facility spanning 18 hectares of prime development land in the coveted Europoort area.
The sale represents more than a simple asset transfer; it signals a broader industry trend where established operators are realising value from mature European assets to capitalise on Asia's accelerating demand for bulk liquid storage. With Rotterdam's terminal now under Tepsa's stewardship, the facility is positioned to benefit from the buyer's extensive European network and operational expertise in bulk liquid and gas storage.
Peter Vucins, CEO of GES, emphasised the strategic timing, stating: "Part of the investment cycle is realising value from assets at the right time, and we're confident this was the right moment for GES. We are now fully focused on growing our business in Asia, with Port Klang at the centre of that strategy. We extend our sincere thanks to the Rotterdam team and our customers for their support and for maintaining a safe, reliable, and forward-looking operation throughout our ownership."
The transaction delivers particular value for investors, as Rotterdam's Europoort area continues to command premium valuations due to its strategic location and infrastructure connectivity. Industry analysts note that the facility's 180,000 m² footprint provides significant redevelopment potential, especially given the port's ongoing transition toward sustainable energy storage and the growing demand for biofuel and chemical storage capabilities.
With backing from Bluewater and White Deer, GES now concentrates its capital on Port Klang, Malaysia, where the company anticipates substantial growth in chemicals, biofuels, and emerging energy products. This geographic pivot reflects broader market dynamics, as Asian storage demand continues to outpace European growth rates.
The undisclosed financial terms of the deal underscore the competitive nature of European terminal acquisitions, with industry sources suggesting premium valuations for well-positioned Rotterdam assets. GES's complete withdrawal from the Netherlands market leaves the company with a singular focus on Asian expansion, positioning it to capture value in one of the world's fastest-growing storage markets.
People mentioned:
- Peter Vucins, CEO, Global Energy Storage Group
Companies mentioned:
- Global Energy Storage Group (GES) - Energy storage terminal operator
- GES Netherlands B.V. - Dutch subsidiary of GES
- Tepsa - European bulk liquid and gas storage operator
- Bluewater - Investment firm backing GES
- White Deer - Investment firm backing GES
- Port Klang - Malaysian port facility
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