The UK’s largest independent bulk liquid storage provider is situated at the heart of the UK’s product supply chain as the demand for fuel imports grows
Early 2016 saw a package of tank storage acquisitions by Macquarie Capital and Greenergy completed to form the UK’s largest independent bulk liquid storage provider.
Navigator Terminals was born following the sale of all of Vopak’s UK assets – comprising three terminals – combined with Greenergy’s North Tees terminal.
The result is a company with a combined capacity of more than 1.5 million m3 for crude, petroleum, chemical, bitumen, liquefied gas and biofuel products.
Three of the company’s infrastructure assets are adjacent to major chemical production and demand centers in the UK. They are strategically situated to meet significant regional demand for products in London, the south east, north east and beyond and are an important part of the UK’s supply chain.
Each facility has state-of-the-art petrol blending facilities and road loading racks and the terminals are pipeline-connected to local chemical manufacturing facilities and gas processing plants, and each facility has been approved as a top tier COMAH site.
STRENGTHENED SUPPLY POSITION
In an interview with Tank Storage Magazine, chief executive Ian Cochrane explains that the creation of Navigator Terminals strengthens the company’s supply position in the UK, assisted by Macquarie’s considerable storage experience.
For Greenergy, its participation in Navigator ensures continued access to the infrastructure assets that currently underpin its UK supply position and influence to ensure that these assets continue to deliver service levels that ensure it is best placed to deliver low cost and and reliant fuel supply for its customers in the
Macquarie Capital has considerable experience as an owner of storage assets. It worked with Greenergy in structuring a transaction to deliver funding certainty to execute the transaction and create Navigator Terminals.
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