Our mission and strategyThe world’s growing population, legislative changes, geopolitical developments and new dynamics in feedstock positions in several regions result in an increasing demand for the physical transportation, storage and handling of oil products, chemicals, gasses, biofuels, edible oils and LNGMeeting this demand requires solid infrastructure that seamlessly connect the logistics networks of producers, traders and distributors. Vopak’s mission is to make a sustainable contribution to the creation of efficient logistics processes for our customers by being the leading provider of independent tank terminal storage infrastructure at locations that are critical to our customers in all regions of the world.Vopak has developed a strategy to realize this mission. This strategy rests on three pillars:Growth leadership: our ability to identify and secure the right locations for our terminalsOperational leadership: constructing, owning, operating and maintaining terminals to deliver storage and handling services safely at competitive costsCustomer leadership: creating long-term sustainable relationships with customers and healthy occupancy rates of terminals at attractive ratesAll three pillars rest on a sustainable foundation, whereby Health and safety and Environmental care remain our core focus areas. In recent years, we have extended this in being a Responsible partner and include Excellent people in order to have a more comprehensive coverage.In light of the changing energy and petrochemical landscape and a continuing economic shift from West to East over the globe, Vopak has updated its terminal portfolio criteria for its existing terminals and its business development activities. We have defined terminal portfolio criteria on four types of business models as depicted hereafter. The early selection of growth opportunities on the basis of these criteria will ensure a focus on projects that are in line with our strategy. Together with the improvements at our existing key locations, the strengthening of our service levels and our defined divestment program of assets, the risk-return profile of our global terminal portfolio will be further aligned with the defined strategic criteria.