Consequently, GES now owns four Class 1 product tanks totalling over 212 thousand cubic meters with long-term off-take from Gunvor. In addition, GES has acquired the rights to develop approximately 20 hectares of vacant land.
The site includes a significant waterfront with deep water access, brownfield development opportunities and potential greenfield development sites.
GES’ ambitious plans include the development of a new multi-purpose seagoing jetty, as well as developing infrastructure for:
Peter Vucins, CEO of GES, commented, "This is an important milestone for GES. The location of this first investment in the heart of the Port of Rotterdam positions us perfectly to significantly contribute to our client's needs to develop the new storage and logistics infrastructure to facilitate the Energy Transition which is upon us and accelerating. Our partnership with Gunvor Group and Port of Rotterdam is vital to our strategy to realize these expansions, as are other strategic partnerships we currently are in discussions with. We hope to revert with some further positive news relatively soon."
The Port of Rotterdam is Europe’s largest port, with deep-water access and world-class connectivity to inland waterways and pipeline infrastructure.
Vucins said, “The port is ideally placed for this development, which will bring low-carbon technology to one of the world’s great trading hubs that has taken a leading position in the energy transition with very significant and ambitious developments of its own.”
Gunvor will be a long-term partner of GES at the Port of Rotterdam.
“We’re pleased to be partnering with GES to further support the development of environmentally responsible projects in the port of Rotterdam,” said Shahb Richyal, Global Head of Portfolio at Gunvor Group. “This deal is in line with Gunvor’s strategy to support the advancement of Energy Transition initiatives at our key asset locations.”
