The terminal, expected to be fully operational by the end of 2011, will be primarily focused on the blending of gasoline, and will also be utilised for both importing and exporting the finished product, as well as additionally having the capability to import biofuels and distillates.

For the North Sea Group, which was formed by the merger of Van der Sluijs Groep and FNR+ Holding (Frisol, North Sea Petroleum and Reinplus Vanwoerden), this is its first company terminal with sea connection. Commenting on this latest development, Peter Nohlmans, CEO of North Sea Group said, “ With this terminal in the Amerikahaven harbour basin, the company is able to expand its trading activities and to start up a new petrol blending activity. North Sea Group will use the terminal to distribute the petrol within its own network and for exports to the United States “.

The Blue Ocean Group, comprises the international cargo trading company Blue Ocean Associates Ltd, and London based Harvest Energy the UK’s largest independent blender and supplier of road fuels. Commenting on this latest development, Janet Ashdown, CEO for the Blue Ocean Group & Harvest Energy said, “This is the first terminal asset the Group has built, owned and operated, and this latest joint venture will provide a significant supply base to our activities in the ARA region with onward sale to all markets”.