GREENENERGY: BIODIESEL IN STORE
The EU has seen rapid,
and ongoing, expansion
in biodiesel production
to meet increased demand, as
national governments put in
place measures to meet
biofuel usage targets set out
in EU law (2% by end 2005
rising to 5.75% in 2010, all
measured by energy content).
In the UK the Government's
Renewable Transport Fuel
Obligation requires oil
companies to supply 2.5% of
their fuel as biofuel by
2008/2009, 3.75% by
2009/2010 and 5% by
2010/2011. The result is rapid
expansion in biodiesel
production capacity leading to
an increasingly competitive
marketplace, where location
and plant/tankage
configurations become
paramount.
Production for the EU as a
whole has already risen from
1.9 million tonnes in 2004 to
3.2 million tonnes in 2005,
with a further significant
increase to over 6 million
tonnes by the end of 2006
(according to the European
Biodiesel Board). As demand
continues to increase, the
location and flexibility of
production assets will be ever
more important commercially
in what will become an
increasingly competitive
market.
- Greenergy has established itself as a major player within the biodiesel sector. It is:
- one of the largest independent oil companies and the largest independent biodiesel producer in Europe;
- the largest supplier of biofuel in the UK - currently with a 50% market share of the UK market;
- a major blender of biodiesel with dedicated tankage at Vopak, Rotterdam for biodiesel blending, with capacity reaching 16,000 cubic metres by March 2007;
- the most active biodiesel trading company in the world.
The Immingham site, in Simon Storage's West Terminal, gives Greenergy three key logistical and commercial advantages:
European and UK Access
The site is a sea-fed location on the Humber estuary with deep-water jetties, enabling effective trading with major European market hubs and the wider world, including an ability to transport finished product by sea either to mainland Europe or elsewhere in the UK.
Supply Chain Integration
The site is situated in one of the UK's major oil refining regions, giving Greenergy convenient access to the fuel supply chain. New pipeline links provided through Simon Storage will enable efficient movement of product between the Greenergy plant and nearby petroleum oil refineries, with which Simon Storage already has a high level of integration.
