Vopak, BlackRock to Acquire Dow's Gulf Coast Marine & Terminal Assets

Updated 1 year ago

Dow has entered into a definitive agreement to divest certain U.S. Gulf Coast marine and terminal operates and assets to Vopak Industrial Infrastructure Americas, a joint venture between Royal Vopak and BlackRock's Global Energy & Power Infrastructure Fund, for $620 million. This includes assets at Dow's sites in Plaquemine and Saint Charles, Louisiana and Freeport, Texas. Dow and Vopak have entered into long-term service agreements at these sites. The transaction is expected to close in the fourth quarter of 2020 with Goldman Sachs acting as a financial advisor to Dow.