First, we aim to grow, maintain and adapt our global network of terminals to connect global product flows. Our experience and our market knowledge enable us to identify the right locations for our terminals to create long-term value. In light of the changing energy and petrochemical landscape and a continuing economic shift from West to East, Vopak focuses on four categories of terminals. These are major hubs; gas terminals; terminals serving markets with structural deficits; and industrial and chemical terminals in the Americas, the Middle East and Asia. These categories guide us in making an early selection of the most promising opportunities for growing our network, for expanding and improving existing locations and for identifying assets for divestment, thereby improving the risk-return profile of our global terminal portfolio. We call this Growth Leadership.
We store and handle oil, gases, chemicals, biofuels and edible oils. These products are crucial to people's lives, yet can endanger their health and the environment if stored or handled inappropriately. This comes with a huge responsibility. Our mission is to provide safe, efficient and clean storage and handling services. By fulfilling our mission, we strive to be the partner of choice for all our stakeholders, from customers, business partners and investors, to governments, local communities and society at large. Our ambition is to be a strong link in our customers' value chain and a leader in our industry.
We realize that our long-term success depends on our ability to innovate and respond to changing demands from both the market and society. This is why we explore ways to facilitate the introduction of more sustainable new technologies, processes and products and aim for an open dialogue with our stakeholders. Putting sustainability at the core of our decisions and operations will allow us to stay relevant to society and continue to enable trade flows for future generations.
OUR VISION & STRATEGY
As global population and GDP are growing, world demand for energy and chemicals is rising as well. We see a growing geographic imbalance between areas of production and areas of consumption of energy and petrochemicals. This leads to transport of oil, gas and petrochemicals over ever longer distances around the world. At the same time, markets and product flows constantly change, in response to more ambitious climate change policies, to geopolitical and economic fluctuations and to the development of new energy sources and cleaner fuels. The result is a growing demand for storage and handling of bulk liquids and gases at key locations along global marine trade routes.