Transnet National Ports Authority (TNPA) has announced the selection of five companies as preferred bidders for the development of liquid bulk and green fuel terminals at the Port of Richards Bay, South Africa. Valued at R17 billion ($931 million) and awarded under a 25-year concession, this project marks a significant stride in advancing the country's energy transition and boosting the port's liquid bulk handling capabilities. The terminals will be constructed to accommodate a range of fuels, from marine fuels and biofuels to hydrogen, LPG, and other types. Among the five preferred bidders are KZN Oils, Linsen Nambi, Protank, Bidvest/Mnambithi Consortium, and KNGM Engineering. Captain Dennis Mqadi, the Port Manager at Richards Bay, highlighted the development's importance in attracting long-term investments and consolidating the port's pivotal role in South Africa's energy security. By ensuring sustained investments in critical infrastructure, the project aims to uphold the port's global competitiveness while aligning with the nation's energy security objectives.