May 7, 2016 [CLH S.A.] - The company will invest 122 million euros in 2016 to continue upgrading its facilities in Spain and developing its international operations in Oman, the United Kingdom and Dublin.
57 million euros of the total investments will be used for projects in Spain, where the company intends to make improvements to the operating and safety conditions at its plants.
Outside Spain, the CLH Group will invest 65 million euros in 2016 to continue developing its international projects. 25 million of the total 65 million euros will be invested in the new project the company has launched at the Dublin Airport, and another 17 million euros will be invested in the construction of a new oil product logistics system in the Sultanate of Oman.
CLH-PS, the company’s subsidiary in the United Kingdom, intends to invest 23 million more euros in its infrastructure modernisation programme this year.
International Expansion Plan
In 2015, Orpic Logistic Company (OLC), the company created by CLH and the Omani firm Orpic, started construction on the Muscat-Sohar pipeline, which will be 290 kilometres long, and the new storage facility, which will have a capacity of 170,000 cubic metres. The construction is progressing according to schedule, and the new infrastructure is expected to be ready for operation by 2017.
In 2015, the CLH Group acquired and took over management of the GPSS pipeline network, which formerly belonged to the British Ministry of Defence. In order to operate this network, consisting of 2,000 kilometres of pipeline and 16 storage facilities with a capacity of over one million cubic metres, the company formed the new company CLH Pipeline System (CLH-PS), which has been in operation since 1 May 2015, with headquarters in London.
In 2016, the CLH Group presented the winning bid for the Dublin Airport Authority’s (DAA) request for tenders to operate the fuel storage terminal at the Dublin Airport for a period of 20 years. The contract also involves renovation this infrastructure, including the expansion of the plant’s capacity and construction of a new hydrant system.
An investment of over 40 million euros is planned for the 2016-2018 period. The idea is to start up the new infrastructure progressively until it is all completely finalised in a period of three years.
