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EMP Belstar launches $300 mn Korea logistics fund

Media
September 29, 2022
Energy and infrastructure-focused private equity firm EMP Belstar has launched its second logistics fund targeting cold storage facilities in South Korea, after raising $300 million from a sovereign wealth fund, according to people with knowledge of the matter on Thursday. The unidentified, overseas-based sovereign wealth fund is the only

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Korea’s resolutions for 2022 focus on clean gas development

Media
January 8, 2022
Near the end of 2021 the world was grappling with surging energy prices as Russia threatened to turn off gas pipelines to European countries over geopolitical tensions regarding Ukraine. Gas prices, which seemed to have been stabilizing at the beginning of the year, are again showing signs of accelerating

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Busan Attracts LNG Cryogenic Logistics Center

Media
October 28, 2021
BUSAN, Oct. 28 (Korea Bizwire) — A cryogenic logistics center using liquid natural gas (LNG) cold heat will be set up in the southern port city of Busan. EMP Belstar, a U.S.-based cold chain logistics centers operator, on Wednesday signed a business agreement with the Busan metropolitan government and

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Goldman-backed Korea Superfreeze to build $2.2 bn facilities

Media
April 26, 2021
Korea Superfreeze Co., 24.95% owned by Goldman Sachs PIA, will spend 2.5 trillion won ($2.2 billion) in building six cold storage facilities in South Korea this year, part of which the private equity firm will finance, according to sources with knowledge of the matter on Apr. 26. More

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