Independent energy storage company, Global Energy Storage (GES) is set to buy an interest in part of the assets of Gunvor Group (Gunvor)’s Stargate Terminal. In addition to the deal, GES will develop more than 20 hectares at the port.
The development will include a multi-purpose seagoing jetty, in addition to the creation of infrastructure to support:
- · Consolidation of biofuel storage
- · Storage for renewable fuels
- · Gas storage
- · Gas to chemicals production
- · Green and blue hydrogen
- · Hydrogen carriers such as ammonia
Having only been in existence since May of this year, the deal marks the first of GES’ energy deals.
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