Boosting biofuel products in Rotterdam
Impala Terminals is to buy the beleaguered HES Hartel Tank Terminal at the Port of Rotterdam in a bid to promote the port as a key facility for a variety of biofuel products.
With a change of name to Impala Energy Infrastructure Netherlands, Impala said the 1.3 million cubic metres of storage capacity will help the region in its transition away from fossil fuels.
Impala says it has committed to invest between €90-100 million over the next two years to complete the terminal’s construction which was put on hold in December 2022 after HES Hartel Tank Terminal was declared insolvent.
“The Port Authority Rotterdam is pleased that Impala has purchased the terminal asset and that construction work will be completed,” said Boudewijn Siemons, interim chief executive and chief operating officer of the Port of Rotterdam Authority.
“With this transaction, the company is making a lasting commitment to the port and is adding a brand-new facility for storing a wide range of bulk liquid energy products.”
Once operating, the terminal should create up to 70 full time local jobs and is expected to include over 50 tanks, berths capable of loading up to VLCC-size vessels and nine barge jetties.
“This is an excellent development for Impala, particularly as it will provide our strategic customers with a strong and sustainable asset located within the Port of Rotterdam in the major trading hub of ARA,” said Sjoerd Bazen, chief executive of Impala Energy Infrastructure.
“We look forward to developing our business in the region in collaboration with different stakeholders and specifically the Port of Rotterdam Authority.”