LONDON, Oct. 31, 2016 /PRNewswire/ -- VTTI, the global
independent provider of energy storage, and Energia Naturalis
Holding (ENNA), have signed an agreement for the purchase by VTTI
of 70% of Adriatic Tank Terminal (ATT) in the Port of Ploce, the
main Adriatic deep-water port. VTTI and ENNA will jointly
expand and operate the newly built terminal in the Port of Ploce.
The closing of the transaction is subject to closing conditions,
including regulatory conditions. VTTI will manage the
newly-completed tankage for clean petroleum products (CPP), and
shall construct and operate further tank capacity alongside a
significant new LPG (Liquefied Petroleum Gas) storage capability,
with leading-edge technology.
Photo -
http://photos.prnewswire.com/prnh/20161030/434095
Logo -
http://photos.prnewswire.com/prnh/20141031/155895LOGO
Phase 1 of ATT is already constructed: in September 2016, the terminal completed the
construction of 50,000 m3 capacity for clean petroleum
products. Phase 2 will deliver over 200,000 m3 of
petroleum storage, as well as up to 60,000 m3 of LPG
storage; this will be the largest new LPG storage project in the
heart of the Adriatic. In the future, additional space would allow
the option of a Phase 3 project for further storage of minimum
100,000 m3 of petroleum products.
Good news for the region
This growing terminal will play an important strategic role in
strengthening the region's security of energy supply. It will also
complement the prime location and deep water of the Port of Ploce,
with significant extra storage capacity for CPP and LPG
products.
The terminal will meet the highest standards of safety, with
firefighting and vapour recovery technologies that meet the latest
EU and global safety and environmental regulations.
Rob Nijst, CEO of VTTI, said:
"VTTI is very pleased to enter the Adriatic market, supported by
our JV partner. The facility will enable the region's energy trade
by developing a safe and efficient terminal facility. The growth of
the city of Ploce and the region will gather even more speed in the
near future, and we are there to support it."
Pavao Vujnovac – ENNA, said: "We are delighted to bring a
reliable, strong partner into Croatia, with whom we have established
excellent cooperation. Together, we will work on developing
the potential of the Port of Ploče as a major Mediterranean port.
Through this investment, as with others, we are encouraging the
development of Croatian resources in order to achieve influence in
the region and improve the quality of life of the community in
which we work."
W: www.adriatictankterminal.com
Notes for Editors
The Port of Ploce
Ploce is one of the main strategic deep-water ports of the
Central Adriatic. Its excellent transport links and favourable
geostrategic position make it a natural hub to enable efficient
movement between the Adriatic, Mediterranean and Central Europe.
A deep-draft jetty is currently under development that will
allow the port to serve larger vessels, opening the Adriatic market
to the world's energy trade.
ATT: excellently connected
ATT is directly connected to the Pan-European corridors,
connecting all major destinations in the Balkan region, and is
linked to the national highway systems. Additionally, ATT is
connected to the international railway network, unlocking the
hinterland of the Balkans (i.e. Bosnia-Herzegovina, Serbia and beyond).
About VTTI
VTTI is a fast-growing independent provider
of energy storage worldwide. We were founded in 2006, and today we
offer 8.7 million cubic meters of combined storage capacity across
5 continents. This will rise in the near future as new projects
come on line.
W: www.vtti.com
About Energia Naturalis
Energia Naturalis (ENNA) is a holding company involved in the
energy, infrastructure and logistics sector. The companies in the
group do business in Central and Eastern European countries.
ENNA owns 20 companies, of which the best known are gathered in the
PPD Group and are engaged in the trade, distribution and supply of
natural gas. The company owns 25% of the shares in the Port of
Ploče.
Contact
Lisanne Kosters
M: +31(0)652526405
lis@vtti.com