Exolum Invests €20 Million in New Biofuel and Bulk Storage Terminal
05.30.2024 By Tank Terminals - NEWS

May 30, 2024 [Biofuels International]- Exolum will build a new terminal for the storage of biofuels and other bulk liquid products in the Port of Bilbao on a plot adjacent to its facility in Zierbena. The first phase of the project, with a planned investment of €20 million, will start in 2025 and is expected to be operational in 2027.

It will also expand the company’s service portfolio and its capacity for product storage and treatment in the area.

The construction of the new terminal will be carried out in several phases. The first phase will cover the construction of a bund with five tanks and a total storage capacity of 29,000 m3.

This new infrastructure will be equipped with cutting-edge safety and environmental protection systems.

Right from its first phase, the new terminal will include port-connection infrastructures, thus enabling vessel entry and departure operations and connection to other terminals, to Exolum facilities in Zierbena and Santurce and to the company’s extensive network in Spain.

In turn, this will also enable the company to increase the versatility of the operational services offered, such as the receipt and storage of biofuel and raw materials with different qualities, maintenance of the required temperature, blending, and the subsequent vessel loading or dispatch to other terminals.

According to Exolum’s Spain region lead, Jorge Guillen, this represents “an important step towards Exolum’s strategy of investing in Spain to develop and operate the logistics infrastructures required by new sustainable fuels, making further progress on energy transition objectives.”

 

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