Proton Ventures and LBC Tank Terminals have established joint venture aimed at developing ammonia terminal operations across Northwestern Europe and North America.
This partnership unites Proton Ventures’ end-to-end knowledge of the green ammonia value chain with LBC Tank Terminals’ expertise in storage of liquid bulk products requiring specialized handling. According to the companies, by fostering growth and innovation in ammonia terminal operations through united expertise and resources, this business venture sets the stage to meet growing market demand at the forefront of the energy transition.
We are excited to combine our technical know-how with LBC’s operational excellence to advance the development of green ammonia facilities crucial for reducing global carbon emissions and optimizing renewable energy use.
… said Paul Cox, CCO of Proton Ventures
With terminal locations across major ports in Europe and the United States, LBC Tank Terminals leads key operations within the global tank storage landscape, providing the infrastructure and services necessary to advance the storage and handling of next-generation products such as ammonia.
Our focus on safety, sustainability, service, and efficiency is integral in supporting emerging supply chains. We look forward to combining forces with Proton Ventures for this future-focused endeavor which aligns with our strategic objectives to make positive impact and transform the industry in order to meet global energy needs
… noted Frank Erkelens, CEO of LBC Tank Terminals
The partners are targeting to establish the joint venture before summer 2024.
