Posted on November 15, 2021
Independent energy storage company Global Energy Storage (GES) has announced it is buying an interest in part of assets of the Stargate Terminal at the Port of Rotterdam from Gunvor Group and will develop more than 20 hectares at the heart of the port.
The site includes a significant waterfront with deep water access alongside brownfield development opportunities and potential greenfield development sites.
GES’s plans include the development of a new multi-purpose jetty, as well as developing infrastructure for:
- Consolidation of biofuel storage
- Storage for renewable fuels
- Gas storage
- Gas to chemicals production
- Green and blue hydrogen
- Hydrogen carriers such as ammonia
“This project aims to become one of the largest low-carbon developments at a world-class industrial hub, with the potential to significantly reduce the carbon footprint of future businesses in the Port of Rotterdam,” said Peter Vucins, CEO of GES.
“Alongside a new jetty, we aim to develop a low-carbon commodity infrastructure, we are also looking to become part of the logistics chain needed to import blue and green hydrogen. I hope this gives a glimpse of the size of our ambitions.”
“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.”
Eric Arnold, Executive Chairman of GES, added “This is the first of what we hope will be many deals. We are looking to develop an international network of storage and logistics infrastructure for low-carbon commodities. You can expect to see a rapid expansion across 2021 and 2022.”
The deal has been formally approved by the Port of Rotterdam Authority.
This follows the news that Norwegian clean energy company Horisont Energi has signed a Memorandum of Understanding (MoU) with Koole Terminals B.V. (Koole Terminals) to develop an ammonia terminal and storage facility at the Port of Rotterdam.
Announced in October 2021, the agreement sees both companies explore the establishment of a strategic and collaborative relationship for storage of ammonia produced and shipped from Norway to Rotterdam, as well as technical and commercial conceptual models for storage of ammonia products, services solutions, and technologies for further distribution to meet forecasted demand.