AD Ports Group and Advario to Explore Green Energy and Bulk Storage Projects Globally
Key Ideas
- AD Ports Group and Advario are in talks for a joint venture to develop green energy and liquid bulk storage projects in the UAE and worldwide.
- The proposed deal will see AD Ports owning 51% and Advario owning 49% of the joint venture, aiming to focus on clean energy infrastructure like hydrogen carriers.
- Advario plans to construct bulk storage tanks at Khalifa Port to support pipeline infrastructure for clients in the Kezad free zone.
- This collaboration will not only target clean energy carriers but also look into expanding internationally across Europe, the Middle East, Africa, and beyond.
AD Ports Group has entered into a head of terms agreement with Advario, a Netherlands-based company, to potentially establish a joint venture. Under the terms, AD Ports would hold a majority stake of 51% in the joint venture, with Advario owning the remaining 49%. The focus of the partnership is the development and operation of green energy and liquid bulk storage projects, not only in the UAE but also on a global scale, with a particular interest in clean energy infrastructure including hydrogen carriers like ammonia and methanol. Advario, together with its UAE partner Star Energy, plans to build bulk storage tanks at Khalifa Port to enhance infrastructure for clients in the Kezad free zone. The collaboration aims to serve as a platform for investments in clean energy infrastructure and explore opportunities for expansion in Europe, the Middle East, Africa, and other regions, targeting projects related to clean energy carriers and critical infrastructure assets such as pipelines and storage solutions. Advario, known for its presence in Rotterdam, Europe's largest port city, operates 14 terminals across more than 10 countries. The joint venture signifies a strategic move towards sustainable energy solutions and international growth in the energy sector.
Topics
Utilities
Investment
Partnership
Clean Energy Infrastructure
International Expansion
Joint Venture
Bulk Storage Projects
EMEA Projects
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