In 2021, we announced our first major investment at Europoort in the Port of Rotterdam. We have acquired an interest in part of the assets of the Stargate Terminal from Gunvor Group, and we plan to develop more than 20 hectares at the heart of the port.
The site includes a significant waterfront (approximately 500 m) with deep water access, brownfield development opportunities and potential greenfield development sites.
In December 2016, GPS acquired its first asset: GPS Amsterdam B.V. (“GPSA”).
GPSA is a company operating a Class 1 storage and blending facility for gasoline, gasoline components, and bio fuels with c.282,500m³ gross capacity across 17 storage tanks located in the Port of Amsterdam, the Netherlands. This terminal is very flexible. As well as gasoline, gasoline components and bio fuels, it can also handle naphtha, gas oil, heating oil, and/or diesel.
GES Hamriyah (SRS)
In October 2018, GPS closed a transaction with Innova Refining and Chemie Tech in Dubai concerning a JV to develop a Greenfield terminal in Hamriyah Free Zone, Sharjah, UAE. The terminal will have a capacity of 177,640 cubic meters and will primarily serve as an industrial terminal for Innova’s nearby waste oil re-refinery which is in the process of being commissioned with a capacity of over 1 million metric tons per year. The terminal construction is well underway and will be commissioned early in 2020.
In March 2019, Global Petro Storage (GPS) had the ground-breaking ceremony of its new Liquefied Petroleum Gas (“LPG”) storage facility in Port Klang Malaysia. It will be the first independent refrigerated LPG terminal in South East Asia with primary activities of storage, blending, break-bulk, handling and distribution to domestic and international consumer market. The terminal will have a capacity of 134,400 cubic meters which consist of 2 refrigerated tanks and 4 pressurised bullets. Commencement of operations is expected to be early 2021.