Tanks & terminals

Vitol and IFM complete acquisition of VTTI

Vitol has announced that Vitol Investment Partnership II Ltd (VIP), an investment vehicle sponsored and managed by Vitol, and IFM Investors (IFM), a global institutional funds manager, have completed the acquisition of Buckeye Partners LP’s 50% equity interest in VTTI BV, the leading global independent provider of energy storage.

VTTI is now owned 50% by IFM and 50% by Vitol and VIP. It will continue to be managed by an independent management team led by Rob Nijst, CEO.

Alex Hithersay

Editorial Assistant

Alex joined Palladian as an Editorial Assistant on Hydrocarbon Engineering in August 2018, and is keen to learn all about the downstream oil, gas and petrochemicals industries.

Before joining the company, he graduated from the University of Exeter with a BA in Classical Studies and English, having completed his dissertation on Homer’s Odyssey.

As well as experimenting with dubious vegetarian cooking, Alex enjoys reading, cycling and photography.

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