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25.04.2017

Greenergy commences diesel and gasoil supply from Thames Oilport

GREENERGY PRESS RELEASE

Greenergy today began road-loading of diesel and heating oil at Thames Oilport, giving it a new and strategically important supply location in the South East of England.

The opening of road loading facilities is another significant milestone in the regeneration of the site, to turn the former refinery into a modern import terminal capable of meeting growing fuel demand in the South East.

Twelve months ago Thames Oilport received its first shipments of diesel and opened for ship-in/ ship- out storage. This allowed us to benefit from contango market conditions and at year end we had more than 250 million litres of diesel stored at the facility.

Over the last year additional refurbishment has included upgraded automated road-loading facilities, new driver facilities, work on new additive systems and a new control system, which together allow the tankage also to be used for diesel and gasoil throughput and truck loading.

Andrew Owens, Greenergy Chief Executive, said “The regeneration of Thames Oilport continues to be a key development project for Greenergy, providing capacity for expansion and improved supply resilience in the busy South East region, an area of population and demand growth.

“As we expand our sales from the facility, we will have the ability to receive product on larger ships onto Thames Oilport’s deep-water jetties, further improving our access to global markets.”

The next phase of regeneration at Thames Oilport will enable petrol storage and road supply.

ENDS

Alex Lewis, Head of Communications, Greenergy, +44 207 404 7700, alex.lewis@greenergy.com

Notes to editors

In business for 25 years, Greenergy supplies some of the largest fuel retailers in the UK and also operates in Canada, Brazil and Bahrain. Its customer base includes supermarkets, major oil companies, independent retailers and commercial users.

With more than 25 supply locations, Greenergy is the UK’s only national fuel supplier.

Greenergy took a majority stake in Thames Oilport in 2016.

www.greenergy.com