Original disclosure @ IFC website
Updated in EWS Sep 5, 2019
Disclosed by Bank Apr 25, 2019
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According to the bank website, "Engro Vopak Terminal Ltd. owns and operates the largest terminal and storage facility for bulk liquid chemicals and Liquified Petroleum Gas (LPG) in Pakistan. It is involved in the handling and storage of Para-Xylene, Acetic Acid, Ethylene Di Chloride (EDC), Vinyl Chloride Monomer, Ethylene, Mono Ethylene Glycol, Phosphoric Acid and LPG. The proposed investment will support the Company to: i) expand LPG storage capacity by 6,000 tons; ii) expand EDC handling facility; iii) undertake 3-year terminal rehabilitation program and; iv) install solar panels"
According to IFC, Engro Corporation Limited (“ECorp” or the “JV Partner”) and Royal Vopak N.V. (“Vopak” or the “JV Partner”) of Netherlands are the joint venture partners each holding 50% shareholding in the Company. ECorp is one of Pakistan’s largest and professionally managed conglomerates with business interests in fertilizers, foods, chemical storage & handling, trading, energy and petrochemicals. Its main shareholder is Dawood Hercules Corporation, which is owned by Dawood family and associated companies. ECorp is listed on Pakistan Stock Exchange. The remaining shareholding is distributed among various institutions and general public.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Engro Vopak Terminal Ltd.||Client||-|
Engro Vopak Terminal Limited
Chief Financial Officer
Corporate Office Block, 4th Floor, Office #5, Dolmen City, HC# 3, Block 4, Scheme 5, Clifton, Karachi-75600, Pakistan
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