Dow Inc. has signed a deal to acquire a minority stake in Hanseatic Energy Hub GmbH (HEH), which is a consortium developing a new LNG import terminal within Germany. The group now includes Dow, Fluxys, Partners Group and Buss Group. The "zero-carbon emission" terminal will be online by 2026 and is co-located with Dow's facilities in Stade. Dow is contributing the land for the project, as well as "infrastructure services, off-gas heat, site services and mutual harbor use rights."
Dow reached an agreement to divest certain U.S. Gulf Coast marine and terminal operations and assets to Vopak Industrial Infrastructure Americas, a joint venture of Royal Vopak and BlackRock's Global Energy & Power Infrastructure Fund, for $620 million.
The transaction includes marine and storage terminal operations and assets at Dow’s sites in Plaquemine and St. Charles, Louisiana, and Freeport, Texas.