Mitsui O.S.K. Lines (MOL) is expanding its presence in the global chemical logistics industry with the acquisition of LBC Tank Terminals (LBC).
On March 7th, MOL reached an agreement with LBC’s current owners—Ardian, APG, and PGGM—to acquire the company, with the transaction expected to close within three to four months following regulatory approvals. This acquisition aligns with MOL’s strategy to strengthen its chemical logistics business, building on previous investments such as its stake in Nordic Tankers (2019) and Fairfield Chemical Carriers (2024).
With demand for ammonia and CO2 transportation expected to rise in a decarbonizing world, MOL sees LBC’s strategically located terminals as a key asset in developing infrastructure to support the energy transition.
While LBC will continue to operate independently, the operational and commercial synergies from this acquisition will strengthen MOL’s position as a leader in global chemical logistics, advancing its long-term growth and sustainability objectives.
