Renewables gain from Milford Haven profits
Strong performance from Milford Haven’s gas and oil activities in 2010 is to drive new plans to attract renewable energy and biomass businesses, alongside continued development of existing port infrastructure and services.
Welcoming the results, chief executive Alec Don said: “We are now in a solid position to deliver a programme of sustained investment in port infrastructure and services, with a heavy focus on emerging renewable energy technologies… The challenge we face is to extend beyond our traditional market of clean energy from fossil fuels into new trades including participating in the green energy revolution,”
Planning is to continue for a new deep water terminal based on the port’s Blackbridge site which will support a range of renewable initiatives, and investment in facilities is continuing toward renewable energy and marine engineering at Pembroke Port.