Proton Ventures and LBC Tank Terminals are delighted to declare their partnership in creating a strategic joint venture focused on building ammonia terminal operations throughout Northwestern Europe and North America. This collaboration combines Proton Ventures' comprehensive understanding of the green ammonia value chain with LBC Tank Terminals' extensive experience in secure and sustainable storage of liquid bulk products necessitating specialized handling. By promoting expansion and ingenuity in ammonia terminal operations through unified expertise and resources, this business endeavor is poised to address the escalating market demand at the forefront of the energy transition.

As a leading firm in the engineering and project management sector, Proton Ventures boasts considerable expertise in overseeing substantial ammonia terminal projects, spanning from their inception to full operation. "Our comprehensive strategy, covering feasibility assessments to EPC endeavors, underscores our dedication to advancing the energy transition through inventive solutions based on ammonia," remarked Paul Cox, Chief Commercial Officer of Proton Ventures.

Paul Cox, Chief Commercial Officer of Proton Ventures, expressed enthusiasm about merging their technical expertise with LBC's operational prowess to drive forward the establishment of green ammonia facilities. These facilities play a critical role in curbing global carbon emissions and maximizing the utilization of renewable energy sources.

Operating from strategically positioned terminals in major ports across Europe and the United States, LBC Tank Terminals takes the lead in pivotal operations within the global tank storage sector. Their infrastructure and services are instrumental in advancing the storage and handling of cutting-edge products like ammonia.

Frank Erkelens, CEO of LBC Tank Terminals, emphasized the company's commitment to safety, sustainability, service, and efficiency, which are essential in bolstering emerging supply chains. He expressed anticipation about joining forces with Proton Ventures for this forward-thinking initiative, which aligns with their strategic goals of making a positive impact and revolutionizing the industry to meet global energy demands.

The joint venture between Proton and LBC underscores not only the increasing demand for sustainable storage solutions but also the significance of strategic partnerships in propelling the energy transition. By leveraging the core strengths and market positions of both companies, a distinctive offering is poised to emerge. The partners aim to finalize the establishment of the joint venture by summer 2024.

Proton Ventures is a leading ammonia engineering firm and a trailblazer in the realm of energy transition. With a track record dating back to 2001, Proton Ventures offers cutting-edge engineering and complete solutions for large-scale storage terminals and green ammonia production facilities. The company aims to play a pivotal role in the ammonia value chain, actively contributing to the industry's decarbonization efforts.