The Port of Gothenburg has signed new agreements with one of its largest customers in the energy sector, Inter Terminals Sweden.
The agreements reportedly benefit both parties by providing increased predictability and long-term stability, creating favourable conditions for further investments in the ongoing energy transition of their respective operations.
On 1 July, the parties signed both lease agreements covering above-ground areas and underground rock caverns, as well as a cargo port dues agreement based on traffic and volume. In short, the agreements stipulate the compensation payable to the port authority for Inter Terminals Sweden’s use of the port’s land, facilities, and infrastructure.
“With a 25-year agreement, we gain long-term stability and predictability, giving us a solid foundation for developing an energy port for the future focused on transitioning from fossil to renewable products,” said Göran Eriksson, CEO at the Port of Gothenburg.
“Having a skilled, long-term, and responsible partner like Inter Terminals Sweden with us in this effort is something we see as very positive.”
“We have already begun transitioning our operations, and at the Port of Gothenburg, we’re already handling renewable fuels like FAME and HVO,” said Johan Zettergren, Managing Director of Inter Terminals Sweden.
“With longer lease terms and a more transparent and predictable cost structure, we are now better positioned to scale up further – for example, by converting or building new tanks for renewable raw materials and products, as well as investing in new technology and an expanded green portfolio.”
Earlier this May, the Port of Gothenburg announced that its pilot project to supply electricity to docked ships using a hydrogen generator is now in its final phase.
More recently, the Port of Gothenburg announced that St1 and St1 Biokraft delivered their own Swedish-produced liquefied biomethane to the maritime sector, as Terntank’s vessel Tern Ocean was bunkered at the port.