What HES INTERNATIONAL B.V. does

HES International B.V. is a private Rotterdam-based independent operator of bulk handling terminals, active since 1908 and owned since August 2019 by infrastructure funds managed by Macquarie Infrastructure and Real Assets and Goldman Sachs. The company operates 14 terminal sites across four European countries (Netherlands, Germany, France, and Poland), providing storage, transhipment, and value-added processing services for liquid bulk (petroleum products, biofuels, LPG, bitumen) and dry bulk (coal, iron ore, agricultural products, minerals, biomass). Core physical infrastructure includes 1.9 million cbm of liquid bulk storage capacity, 1.5 million cbm of covered dry bulk storage, and 100+ million tonnes of annual dry bulk throughput, with deep-water berths accommodating Capesize and VLCC vessels and multimodal hinterland connectivity via barge, rail, truck, and pipeline.

HES generates revenue primarily through long-term enterprise contracts combining recurring storage capacity rental with throughput fees, anchored by customers such as BP (HES Hartel Tank Terminal), ArcelorMittal (Fos-sur-Med), and JERA Trading (purified coal). Go-to-market is direct B2B sales with no consumer-facing channels, supported by an Open Season auction mechanism for new CO2 export capacity. Notable technical assets include state-of-the-art eight-line conveyor systems at EMO (operational since 2017), multipurpose covered storage sheds with remote-operated hatches, and pipeline integrations linking terminals to refinery customers.

Under its PROGRESS 2030 strategy, HES is pivoting toward energy transition infrastructure, including €180 million CO2 export terminals at Wilhelmshaven and Rotterdam (targeting 20 MT/year combined from 2029), LOHC-based hydrogen import facilities via the ACE Terminal joint venture with Gasunie and Vopak, and the North Atlantic transatlantic hydrogen supply chain MoU. These initiatives diversify the traditional petroleum and dry bulk revenue base into carbon capture and green hydrogen logistics. The company employs approximately 1,450 professionals and secured €1 billion in new financing in August 2024 to fund growth.

Name

HES INTERNATIONAL B.V.

Legal name

HES International B.V.

Website

https://hesinternational.eu

Company type

Private

Founded year

1908

Operating status

Operating

Headcount range

11–50 employees

Short description

HES International B.V. is a private Rotterdam-based independent bulk terminal operator providing storage, transhipment, and processing services for liquid and dry bulk products across 14 sites in the Netherlands, Germany, France, and Poland, serving industrial customers including energy, steel, and agricultural sectors.

Ownership category

akta.pro rank

Product category

Bulk Terminal Operations / Port Logistics Services

NAICS

Petroleum Bulk Stations and Terminals (424710), Transportation and Warehousing (48-49), Warehousing and Storage (4931), General Warehousing and Storage (493110), Warehousing and Storage (493), Other Warehousing and Storage (49319)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Public Warehousing & Storage (4220)

akta.pro primary industry

Bulk Terminal Services & Operations (Stevedoring, Sampling, Weighing, Blending) (TLAHABAO)

akta.pro secondary industries

Dry Bulk Commodity Terminals (Grain, Coal, Ore, Fertilizer) (TLAHABAA), Bulk Transloading & Intermodal Bulk Transfer Facilities (Rail/Truck/Conveyor/Barge) (TLAHABAN), Crude Oil & Condensate Terminals (Tank Farms, Marine/Truck/Rail Loading) (EUALAEAA), Marine Terminals & Port Storage (Jetties, Docking, Bunkering Interfaces) (EUALAEAG), Marine/Port-Connected Pipeline Terminals (Dock/Jetty Tank Farms) (TLAGAKAL), Bulk & Industrial Storage (Tank, Silo, Drum, IBC) (TLAIACAH)

Keywords

• Bulk terminal operations
• Liquid bulk storage
• Dry bulk handling
• Port logistics services
• Industrial storage facilities

Headquarters

HQ city

Rotterdam

HQ country

Netherlands

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Technology or R&D, Supply Chain

Revenue model

1. Liquid Bulk Storage and Transhipment: Storage and transhipment services for liquid bulk products including petroleum products, biofuels, LPG, and bitumen. Revenue generated through storage capacity rental and throughput fees based on volume handled.
2. Dry Bulk Storage and Transhipment: Handling and storage of dry bulk products including coal, iron ore, agricultural products, minerals, biomass, and specialty products. Revenue based on storage capacity and volume throughput.
3. Specialty Processing Services: Value-added services including blending, screening, washing, crushing, bagging, magnetic decontamination, and temperature control for dry bulk products.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

HES International operates one of Europe's largest independent networks of bulk terminals, providing liquid and dry bulk storage, transhipment, and processing services to industrial customers. The company operates 14 sites across 4 countries with 1.9 million cbm liquid bulk storage capacity, 1.5 million cbm covered dry bulk storage, and handles more than 100 million tonnes of dry bulk annually. Its terminals accommodate the largest seagoing vessels (Capesize and VLCC) and offer multimodal connectivity via vessels, pipelines, trains, barges, and trucks to serve Europe's industrial heartland.

Product overview

HES International operates as a portfolio of independent bulk terminal companies offering liquid and dry bulk handling, storage, and processing services across Europe. The portfolio includes liquid bulk terminals (HES Botlek, HES Wilhelmshaven) handling petroleum products, bitumen, and LPG; dry bulk terminals (HES Gdynia, HES Med, HES Amsterdam, HES Rotterdam, HES Maasdelta) handling agricultural products, minerals, biomass, and ores; and joint ventures OVET and STE. The company also provides new energy infrastructure including CO₂ export terminals and LOHC-based hydrogen import facilities. Key capabilities include vessel handling up to VLCC size, barge, rail, and truck logistics, and covered storage solutions totaling 1.9 million cbm liquid and 1.5 million cbm covered dry bulk capacity across 14 sites in 4 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• HES Botlek Tank Terminal State-of-the-art liquid bulk terminal in the Port of Rotterdam handling clean petroleum products, biodiesel, and vegetable oils with deep-water berths accommodating vessels up to 115,000 DWT. It was the first tank terminal in the Netherlands to achieve ISO 28000 certification in 2018.
• HES Botlek Tank Terminal – Bitumen Bitumen storage, transhipment, and mixing terminal located in the Botlek area of Rotterdam, serving European and African bitumen markets. Acquired in 2017 from a 50/50 joint venture between Vitol and Sargeant.
• HES Gdynia Bulk Terminal Bulk terminal located in Gdynia, Poland, handling various dry bulk products with covered storage facilities and operations supporting Polish and Central European industrial markets.
• HES Wilhelmshaven Tank Terminal Deep-draft liquid bulk terminal in Germany with capacity for crude oil, petroleum products, and LPG storage and handling, strategically located at Germany's deepest draft port for northern German markets. Includes LPG storage with 16,480 cbm capacity under long-term agreements.
• HES Med Terminals (Sosersid) Mediterranean-based liquid bulk terminals at ArcelorMittal Fos-sur-Mer site in France, handling raw materials and products for steel production and serving Mediterranean industrial markets.
• HES Bulk Terminal Amsterdam Dry bulk terminal in Amsterdam with extensive open and covered storage, specialized in agricultural products and minerals with excellent inland connectivity to European markets.
• HES Bulk Terminal Rotterdam Dry bulk terminal at the Maasvlakte in Rotterdam with deep-water access handling iron ore, coal, and other dry bulk commodities. Part of the Port of Rotterdam, Europe's largest port.
• HES Bulk Terminal Maasdelta Largest dry bulk terminal for agri, minerals, and biomass in Port of Rotterdam with locations at Laurenshaven and Europoort, featuring 800,000 m³ covered storage capacity and 210,000 m² open storage area. Serves food and feed, building and production, and energy sector customers.
• OVET Bulk Terminal Multipurpose dry bulk terminal operator strategically located along the river Scheldt at Terneuzen and Vlissingen in the North Sea Port area, with 480,000 m² open storage and 45,000 m³ covered storage, handling scrap, fertilizers, biomass, steel coils, minerals, and coal. Joint venture with Oxbow B.V.
• STE (Société du Terminal de l'Escaut) Dry bulk terminal joint venture located at Fos sur Mer in France, part of the HES Mediterranean operations serving the southern European market.
• CO2 Export Terminals (Wilhelmshaven and Rotterdam) Purpose-built liquid CO2 handling and export terminals at Wilhelmshaven Tank Terminal in Germany and Rotterdam Bulk Terminal in the Netherlands, designed to handle up to 20 million tonnes of CO2 per year for industrial emitters seeking permanent offshore storage under the North Sea. Capacity reservation via Open Season process.
• ACE Terminal (Rotterdam) Joint hydrogen carrier import terminal development in Rotterdam Port, part of EU's hydrogen infrastructure investments and cross-border hydrogen supply chain projects with €25.62 million EU funding.
• European Bulk Services (EBS) Dry bulk terminal subsidiary of HES International handling various bulk products, with covered storage capacity expanded to 691,000 cbm through investments at Laurenshaven and Europoort locations.
• EMO (Europees Massagoed Overslagbedrijf) Dry bulk terminal in Rotterdam with 7 million tonnes total storage capacity for coal and iron ore, featuring an advanced conveyor belt system with 8 conveyor lines and maximum 23-meter draft at quayside, accommodating Capesize vessels.

Quantifiable outcome

• Combined CO2 export capacity of up to 20 million tonnes per year at Wilhelmshaven and Rotterdam terminals
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• North AtlanticcoreStrategic or Co-development Partner · 19 May 2026MoU signed to jointly develop LOHC (Liquid Organic Hydrogen Carrier) based hydrogen import route via Wilhelmshaven. North Atlantic, a Canadian energy company, will develop wind-to-hydrogen in Newfoundland and Labrador for export to Europe through HES's Wilhelmshaven terminal.
• GasuniecoreStrategic or Co-development Partner · 28 January 2026ACE Terminal development partnership for hydrogen carrier import terminal in Rotterdam. Gasunie, HES International, and Vopak jointly developing the terminal as part of EU's hydrogen infrastructure investments, receiving €25.62 million in EU funding.
• VopakcoreStrategic or Co-development Partner · 28 January 2026ACE Terminal development partnership for hydrogen carrier import terminal in Rotterdam. Jointly developing the terminal with Gasunie and HES International as part of cross-border hydrogen infrastructure.
• IberdrolacoreStrategic or Co-development Partner · 13 June 2023ACE Terminal partnership with Iberdrola for import of green hydrogen from Spain. Joint development of hydrogen import infrastructure at Rotterdam.
• ITF (International Transport Workers' Federation)minorStrategic or Co-development Partner · 1 June 2023MoU signed to maintain socially acceptable labor conditions at Dutch terminals. Agreement ensures fair working conditions and labor standards.
• Wintershall DeacoreStrategic or Co-development Partner · 1 October 2022Joint development of CO2 hub at HES Wilhelmshaven Tank Terminal. Wintershall Dea and HES intend to develop infrastructure for CO2 storage under the North Sea.
• JERA TradingcoreChannel Partner/ Reseller/ Distributor · 19 December 2017Five-year contract for supply of purified coal as raw material for silicon production (solar panels, computer chips). JERA Trading handles procurement, transport, marketing and sales; EMO provides transhipment, storage and production facilities.
• Vitol and Sargeant MarinecoreChannel Partner/ Reseller/ Distributor · 17 November 2017Acquisition of Valt Asphalt Terminal B.V. (50/50 JV between Vitol and Sargeant) for bitumen storage, transhipment and mixing services for European and African bitumen markets.
• Port of Rotterdam AuthoritycoreStrategic or Co-development Partner · 21 March 2017Joint development of HES Hartel Tank Terminal. Port Authority invested €1,100 meters of quay wall construction for three large or five smaller sea-going vessels plus nine barge berths in Hudson harbour.
• BPcoreChannel Partner/ Reseller/ Distributor · 21 March 2017Long-term contract for HES Hartel Tank Terminal at Maasvlakte. BP, owner of Rotterdam refinery, committed to the project including pipeline connections between refinery and terminal. Multi-year contract for storage and transhipment of petroleum products and biofuels.
• Oxbow B.V.coreChannel Partner/ Reseller/ Distributor50.1% shareholder in OVET joint venture with HES International holding 49.9%. OVET operates multipurpose dry bulk terminal in North Sea Port area (Terneuzen and Vlissingen).

Scale indicators21 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• VTTI (Vitol Tank Terminals International): Energy storage terminal company backed by Vitol, operating 15+ terminals globally including Europe. Direct peer in liquid bulk and energy infrastructure with overlapping refining and trading customers.
• Vopak: Royal Vopak is the world's largest independent tank terminal operator with global footprint in liquid bulk storage. Direct competitor to HES in European petroleum and chemical storage and joint partner in the ACE Terminal hydrogen project.
• Evos: European-focused liquid bulk storage and terminals operator (formerly Vopak terminals acquired by BlueWater). Direct peer for petroleum, chemical and biofuel storage across Northwest European ports.
• Chane Terminals (formerly Koole Terminals): Independent Dutch liquid bulk storage operator based in Rotterdam/Botlek. Direct peer for petroleum, biofuels and vegetable oil storage; HES Supervisory Board member John Kraakman is a former CEO.
• Eurotank Amsterdam: Independent liquid bulk tank terminal operator in the Port of Amsterdam. Directly comparable to HES Bulk Terminal Amsterdam for chemical and petroleum product storage in the ARA region.
• C. Steinweg: Global logistics provider operating dry bulk terminals and warehousing across European ports including Rotterdam. Direct peer for dry bulk handling, minerals, agribulk and steel-related commodities.
• Oiltanking (Marlan/First State Investments): Global independent terminal operator for petroleum, chemicals, gases and edible oils. Direct peer in European liquid bulk storage and transhipment serving the same refining and trading customer base.
• International-Matex Tank Terminals (IMTT): North American independent bulk liquid terminal operator owned by Macquarie Infrastructure and Real Assets. Sister portfolio company to HES under MIRA ownership and comparable in business model.

Broad incumbents

• Noatum Terminals: Spanish logistics and terminals platform with dry and liquid bulk operations across Iberia. Broader port logistics peer with overlapping European hinterland and energy customer base.

Regional players

• Zenith Energy: Independent bulk liquid storage and terminals operator with assets across Northwest Europe. Direct peer in petroleum and biofuel storage serving similar European industrial heartland customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/9268915

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HES INTERNATIONAL B.V.