Clifford Chance has advised Mitsui OSK Lines (MOL) in its acquisition of 100% membership rights of LBC Tank Terminals Group Holding Netherlands Coöperatief U.A. ("LBC") for approximately $1.715 billion. This acquisition strengthens MOL’s position in the chemical logistics sector and expands its global infrastructure.

LBC is one of the largest independent tank terminal operators in the world, specializing in handling and storing chemicals. The company operates seven terminals in key chemical hubs in Europe and the U.S. Gulf Coast region, including Antwerp and Rotterdam in Europe, and Houston, Freeport, and Baton Rouge in the U.S. With a total storage capacity of around 3 million cubic meters, LBC plays a pivotal role in the global supply chain for chemical manufacturers and energy companies.

By acquiring LBC, MOL gains significant onshore storage capabilities, adding to its growing network of chemical tanker services.

This acquisition complements MOL’s existing chemical logistics business, allowing the company to offer integrated, flexible solutions from maritime transport to smaller lot transport using tank containers. MOL aims to establish a "Total Chemical Logistics Service" system to meet the diverse needs of its global customers.

As part of MOL's broader growth strategy, the acquisition aligns with the company’s focus on the transportation of ammonia and CO₂. These are expected to see increased demand as the world shifts toward a decarbonized future.

By integrating onshore storage with its existing logistics network, MOL is positioning itself to become a leader in next-generation energy solutions.

LBC plans to expand its storage capacity, and based on these plans, MOL expects an equity internal rate of return (IRR) of approximately 10%. The acquisition will enable MOL to leverage synergies with its chemical tanker business, tank container business, and next-generation energy initiatives.

Through this strategic acquisition, MOL aims to enhance its portfolio and continue its growth in global chemical logistics.

The LBC acquisition is also in line with MOL Group’s “BLUE ACTION 2035” management plan, which aims to rebalance the company’s portfolio and reduce its reliance on market-driven shipping business. The deal is expected to provide a more stable revenue stream, moving MOL toward becoming a "Social Infrastructure Group."

The cross-border legal team from Clifford Chance was led by Jeroen Thijssen, with support from Pieter Leefers, Sabine van den Heuvel, Wouter Fonteijn, Jasper Leistra, Diana Rezai, Stijn Theunissen (Amsterdam), and Pascal Weber (Düsseldorf). The team also included experts in various fields such as Energy & Infrastructure, Tax, Employment, Tech/Digital, Antitrust, and more from offices in Amsterdam, Brussels, Houston, Tokyo, and New York.

LBC Tank Terminals is one of the world’s largest independent tank terminal operators, specializing in the storage and handling of chemicals, oils, and gases. Founded in 1968, the company operates a global network of tank terminals across key industrial hubs in Europe, the United States, and other regions. LBC provides essential storage services to industries such as chemical manufacturing, energy, and logistics, offering facilities for various modes of transport, including maritime, rail, and truck. With a total storage capacity of over 3 million cubic meters, LBC Tank Terminals supports its clients' supply chains by ensuring safe and reliable storage and handling of hazardous and non-hazardous materials. The company is dedicated to operational excellence, safety, and environmental responsibility, maintaining a strong commitment to providing value-added services to its global customer base.

Mitsui O.S.K. Lines, Ltd. (MOL) is a global leader in marine transportation services. Founded in 1884 and headquartered in Tokyo, Japan, MOL operates a vast fleet of vessels that provide a range of shipping services, including container transport, bulk shipping, and energy transport. The company is committed to delivering safe, efficient, and eco-friendly logistics solutions, serving industries such as chemicals, energy, automotive, and consumer goods. MOL focuses on innovation and sustainability, with initiatives that include reducing carbon emissions and advancing next-generation energy solutions. As a key player in the maritime industry, MOL is dedicated to supporting global trade and contributing to the development of society through its various business operations.