Latest news with #Advario
Business Times
09-07-2025
- Business
- Business Times
Macquarie is said to weigh sale of Singapore petrochemical asset
[HONG KONG] Macquarie Group's asset management arm is considering selling its 50 per cent stake in a chemical storage terminal at Singapore's Jurong Island, according to sources familiar with the matter. Macquarie Asset Management is working with a financial adviser on the potential disposal of the stake in Advario Singapore Chemical, which may attract interest from infrastructure-focused funds and industry players, the sources said, asking not to be identified because the deliberations are private. A stake sale could fetch several hundred million US dollars, the sources said. Sale considerations are at a preliminary stage and no final decisions have been made, they added. A representative for Macquarie declined to comment, while Advario did not immediately respond to a request seeking comment. Advario Singapore Chemical is a joint venture between Macquarie and Rotterdam-based liquid storage logistics firm Advario BV. The terminal has about 409,000 cubic metres of storage capacity and more than 80 tanks, according to a presentation on Advario's website. It handles products including clean petroleum, gases, lubricants and petrochemicals, and offers services such as cooling & heating, blending, pipeline connection tank-to-tank transfer, truck and vessel loading and unloading. A potential deal for Advario Singapore Chemical would follow other recent ones in Singapore. In September, Advario said it took full control of Advario Helios Singapore, acquiring the remaining stake in the terminal from Macquarie Helios Holdings. The facility has 503,000 cubic metres of storage capacity for a range of fuels and industrial gases. BLOOMBERG

Straits Times
09-07-2025
- Business
- Straits Times
Macquarie said to weigh sale of stake in Singapore petrochemical storage terminal
Sign up now: Get ST's newsletters delivered to your inbox Sale of the 50 per cent stake in Advario Singapore Chemical could fetch several hundred million dollars, sources said. SINGAPORE - Macquarie Group's asset management arm is considering selling its 50 per cent stake in a petrochemical storage terminal at Singapore's Jurong Island, according to people familiar with the matter. Macquarie Asset Management is working with a financial adviser on the potential disposal of the stake in Advario Singapore Chemical, which may attract interest from infrastructure-focused funds and industry players, the people said. A stake sale could fetch several hundred million dollars, the people said. Sale considerations are at a preliminary stage and no final decisions have been made, they added. A representative for Macquarie declined to comment, while Advario didn't immediately respond to a request seeking comment. Advario Singapore Chemical is a joint venture between Macquarie and Rotterdam-based liquid storage logistics firm Advario BV. The terminal has about 409,000 cubic metres storage capacity and more than 80 tanks, according to a presentation on Advario's website. It handles products including clean petroleum, gases, lubricants and petrochemicals, and offers services such as cooling & heating, blending, pipeline connection tank-to-tank transfer, truck and vessel loading and unloading. A potential deal for Advario Singapore Chemical would follow other recent ones in Singapore. In September, Advario said it took full control of Advario Helios Singapore, acquiring the remaining stake in the terminal from Macquarie Helios Holdings. The facility has 503,000 cubic metres of storage capacity for a range of fuels and industrial gases. BLOOMBERG


Bloomberg
09-07-2025
- Business
- Bloomberg
Macquarie Is Said to Weigh Sale of Singapore Petrochemical Asset
Macquarie Group Ltd. 's asset management arm is considering selling its 50% stake in a chemical storage terminal at Singapore's Jurong Island, according to people familiar with the matter. Macquarie Asset Management is working with a financial adviser on the potential disposal of the stake in Advario Singapore Chemical Pte, which may attract interest from infrastructure-focused funds and industry players, the people said, asking not to be identified because the deliberations are private. A stake sale could fetch several hundred million dollars, the people said.


Arabian Business
21-05-2025
- Business
- Arabian Business
AD Ports Group, Advario sign deal to explore green energy, liquid bulk storage JV
AD Ports Group has announced the signing of an agreement with Advario, a leading global provider of tank storage and infrastructure solutions, to explore establishing a joint venture to develop and operate green energy and liquid bulk storage projects in the UAE and globally. The two signed a 'Head of Terms' agreement for this. The proposed joint venture, which would be 51 per cent owned by AD Ports Group and 49 per cent by Advario, has the potential to unlock significant growth opportunities in the fields of clean energy alternatives and bulk chemicals storage by leveraging the partners' complementary strengths, expertise, and market access, the UAE port major said. AD Ports Group-Advario JV AD Ports Group would work closely with Advario's UAE partner, Star Energy, to explore the collaboration, it added. If a joint venture is created, Advario would build bulk storage tanks at Khalifa Port and supporting pipeline infrastructure to the Group's clients in KEZAD, the Middle East's largest integrated industrial zone network. Captain Mohamed Juma Al Shamisi, Managing Director & Group CEO, AD Ports Group, said the Group looks forward to exploring this joint venture, which has the potential to build on its growing investment in sustainable infrastructure. 'We look forward to exploring with Advario the possibility of leveraging our combined capabilities to drive sustainability, operational excellence and deliver long-term value to our stakeholders,' he said. Bas Verkooijen, Chief Executive Officer of Advario, said the company is excited to take this important step toward creating a joint venture with AD Ports Group. 'This partnership supports our long-term vision to develop world-class infrastructure for the energy systems of tomorrow,' he said. By leveraging KEZAD's industrial base and fully integrated infrastructure, a collaboration will not only enhance AD Ports Group's existing liquid bulk capabilities, but create a launchpad for future investments in clean energy infrastructure, including hydrogen carriers such as ammonia, methanol, and other emerging fuels. A joint venture would also assess opportunities to expand internationally, supporting projects across EMEA and beyond. In addition to liquid bulk storage, the cooperation will target clean energy carriers and critical infrastructure assets, such as pipelines, jetties, and integrated storage solutions. Advario, based in Europe's largest port city, Rotterdam, has 14 terminals across more than 10 countries and brings decades of experience in handling chemicals, gases, petroleum products, and new energy forms. The Dutch company's expertise would complement AD Ports Group's world-class ports infrastructure, enabling both partners to capture emerging opportunities in the evolving energy landscape.


Trade Arabia
21-05-2025
- Business
- Trade Arabia
AD Ports, Advario eye clean energy storage JV
AD Ports Group, a leading facilitator of global trade, logistics, and industry, signed a head of terms agreement with Advario, a leading global provider of tank storage and infrastructure solutions, to explore establishing a joint venture to develop and operate green energy and liquid bulk storage projects in the UAE and globally. The proposed joint venture, which would be 51% owned by AD Ports Group and 49% by Advario, has the potential to unlock significant growth opportunities in the fields of clean energy alternatives and bulk chemicals storage by leveraging the partners' complementary strengths, expertise, and market access, said a statement. AD Ports Group would work closely with Advario's UAE partner, Star Energy, to explore the collaboration. If a joint venture is created, Advario would build bulk storage tanks at Khalifa Port and supporting pipeline infrastructure to the Group's clients in KEZAD, the Middle East's largest integrated industrial zone network. By leveraging KEZAD's industrial base and fully integrated infrastructure, a collaboration will not only enhance AD Ports Group's existing liquid bulk capabilities, but create a launchpad for future investments in clean energy infrastructure, including hydrogen carriers such as ammonia, methanol, and other emerging fuels. Captain Mohamed Juma Al Shamisi, Managing Director & Group CEO, AD Ports Group, said: 'We look forward to exploring this joint venture, which has the potential to build on our Group's growing investment in sustainable infrastructure, in line with the vision of our wise leadership in the UAE to position Abu Dhabi as a global hub for multi-fuel bunkering and sustainable energy solutions. We look forward to exploring with Advario the possibility of leveraging to our combined capabilities to drive sustainability, operational excellence and deliver long-term value to our stakeholders.' Bas Verkooijen, Chief Executive Officer of Advario, said: 'We are excited to take this important step toward creating a joint venture with AD Ports Group. This partnership supports our long-term vision to develop world-class infrastructure for the energy systems of tomorrow. By joining forces in the UAE, we are reinforcing our ambition to be a strategic partner in the region's transition toward greener and more resilient supply chains, building on our existing presence in the Middle East.' A joint venture would also assess opportunities to expand internationally, supporting projects across EMEA and beyond. In addition to liquid bulk storage, the cooperation will target clean energy carriers and critical infrastructure assets, such as pipelines, jetties, and integrated storage solutions. This focus supports AD Ports Group's broader strategy to strengthen Abu Dhabi's position as a key player in the global energy transition, it said.