December 06, 2024 [PX Group]- Following a competitive tender process, px Group, the Teesside based infrastructure solutions business, has been awarded an operations and maintenance contract by Atlantic Fuel Supply Company (AFSC) at its fuel terminal in Foynes, Ireland, due to their experience and approach to safety standards. AFSC is a joint venture between Inver Energy and the East Cork Oil Company.
The state-of-the-art fuel terminal has a capacity of 82,000 m3, with 18 storage tanks on site, and is capable of handling a range of fuels and a wide range of biofuels. Its strategic infrastructure guarantees security of supply and blend flexibility, ensuring that it is a reliable source for the rising demand for lower-carbon fuels. The terminal can import products from two berths in Foynes Harbour, the only deepwater harbour on the West Coast of Ireland.
px Group, which is a portfolio company of Ara Partners, a global private equity firm that is decarbonising the industrial economy, will have responsibility for the operations, maintenance and monitoring of the site, delivering a range of optimisation services and managing the terminal’s 8 employees.
px Group has over 25 years of experience managing and operating strategic industrial assets and this will be the second fuel terminal added to px Group’s portfolio after operating the Northampton Fuel Terminal since 2018.
Neil Grimley, Managing Director of Downstream Operations at px Group said: “We are delighted to be awarded this opportunity by AFSC and extend our O&M expertise in Ireland as part of our European growth strategy. We don’t just provide a service – we operate facilities as if they are our own and look forward to working with the on-site and wider AFSC team to ensure the highest levels of safety and efficiency.”
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