Vopak fulfills an important role in society. We store products for everyday life. With a growing world population and the need for decarbonization, we foresee a rising demand for our independent infrastructure solutions. We have a unique global network of strategic locations, highly competent people and long term partnerships. We serve customers in the energy and manufacturing markets that offer significant growth opportunities.
During Vopak's Capital Markets Day in June 2022, we gave an update on our financial framework and strategic priorities. [link press release]
Watch our CEO Dick Richelle giving a short summary of our priorities for the coming years. You may also find the complete recorded speech given for each topic below.
We will improve the performance of our portfolio, grow our base in industrial and gas terminals and accelerate toward new energies and sustainable feedstocks.
We have an ambitious sustainability roadmap focusing on care for people, planet and profit, and our digitization program is enabling our customers to optimize their supply chains.
We will proactively create value by targeting an operating cash return of at least 10% by 2025 and investing EUR 2 billion into industrial, gas and new energies infrastructure.
We will continue to accelerate our growth in LNG, driven by energy security concerns and the energy transition.
We focus on four areas: Hydrogen, CO2 infrastructure, low carbon fuels and feedstocks, and long duration energy storage.
We have successfully transformed and rejuvenated our Vlaardingen and Vlissingen terminals and will continue to do so in other locations.