Global Energy Storage (GES), a newly formed company with a focus on energy-transition fuels and related services, is acquiring part of the assets of Stargate Oil Terminal Rotterdam (SOTR) from Gunvor Group.
Located in the deepest port of Europe, Europoort Rotterdam, SOTR operates roughly 1.5 million cubic meters (tk million cubic feet) of liquid storage capacity for a mix of products, including crude oil, liquefied petroleum gas, naphtha, gasoline, kerosene, gasoil, vacuum gasoil and fuel oil. The terminal has excellent connections, with access to road, sea, and inland waterways, as well as a potential for rail transport.
As part of the transaction, GES will develop a large industrial site at Rotterdam for storage solutions for low-carbon products to facilitate the energy transition. This is the first deal announced by GES.
“Rotterdam is one of the largest ports in the world and the gateway into Europe, so I’m delighted to be able to announce our first deal
