TERMINAL NEWS: EUROPE

Exolum Secures Contract To Manage Fuel Terminal At Shannon Airport

Exolum will operate the fuel storage terminal located at Shannon airport, Ireland, as the successful bidder of a tender process organised by the Shannon Airport Group. The company will manage the terminal with facilities for the receipt of fuel by vessel, as well as storage and dispatch. It will also be the only agent to provide into-plane fuelling services to the different airlines operating at the airport. Exolum will manage the terminal under a twoyear agreement.

Shannon Airport offers UK, European and transatlantic flights for both passengers and goods, and will operate 35 routes to 11 countries this year. In addition to a hydrant system, the storage terminal has a capacity of over 42,000 m3

This transaction consolidates Exolum’s presence in Ireland, where it already operates at Dublin airport, and represents another step in the company’s internationalisation strategy within the aviation fuel supply sector.

DRAX HALTS $2.5 BILLION BIOMASS CARBON CAPTURE PLANS

British power generator Drax has announced it will pause its planned £2 billion (€2.26 billion) UK investment in bioenergy with carbon capture and storage (BECCS) until it receives more clarity on government support.

Drax welcomed the UK government’s recent budget support for carbon capture and storage (CCS) but confirmed the company requires a firm commitment to BECCS before it could invest the cash to install the technology at its 2.6 GW biomass power plant in Yorkshire, northern England.

The US Inflation Reduction Act (IRA) is offering $85 (€78) per tonne of stored greenhouse gas removal using BECCS while Britain has not yet established a market mechanism for the technology. An existing subsidy scheme for biomass plants, which provide about 6% of the country’s electricity, runs out in 2027, which a Drax spokesperson said could make them unviable.

‘Until we have this clarity, we are pausing our multimillion-pound investment programme in the UK BECCS project,’ Drax CEO, Will Gardiner, says.

Uk To Partner With Korea On Energy Transition

The UK and the Republic of Korea are to collaborate more closely on the development of renewable energy sources and move towards energy independence.

Energy security secretary, Grant Shapps has joined forces with the Republic of Korea to collaborate on accelerating the move towards a cleaner, more energysecure future, including renewables and nuclear.

UK companies already represent 60% of Korean offshore wind engineering contracts, and Korea is already investing in projects supporting the offshore wind industry in the UK.

Shapps will also encourage the Republic of Korea to join the 168-strong ‘Powering Past Coal Alliance’ and commit to bringing forward its own 2050 coal power phaseout date towards 2030, with support from Britain’s own expertise in offshore wind.

Enfinium And Navigator Terminals Sign Mou For Carbon Capture Rail Project

Enfinium, one of the UK’s largest energy from waste operators, and Navigator Terminals, leading bulk liquid storage provider, have announced they have signed a memorandum of understanding (MoU) to collaborate on the development of the UK’s first ‘Rail to

Zero’ carbon capture rail corridor, that would enable dispersed industrial sites to permanently store their emissions. They plan to develop options to transport carbon dioxide (CO2) captured at Enfinium’s Ferrybridge waste facilities in West Yorkshire, UK to Navigator’s proposed multi-model carbon dioxide terminal in Teesside, UK using rail freight. The CO2 would then be transported safely from Navigator’s carbon dioxide terminal for permanent storage. Bechtel, a global leader in engineering, construction, and project management, has been selected to support the feasibility work underpinning the concept.

The announcement follows the decision by the chancellor in the Spring Statement on 15 March to support the scale-up of the UK carbon capture and storage industry with up to £20 billion of investment.

EXOLUM INVESTS IN GREEN HYDROGEN START-UP H2VECTOR

Exolum is taking another step forward in its decarbonisation and diversification strategy by becoming a shareholder of H2Vector – a technology start-up, based in Asturias, Spain. H2Vector aims to provide energy solutions to enable the decarbonisation and electrification of society, based on renewable hydrogen. The company is conducting research into new forms of storage and transportation of green hydrogen based on the use of organic liquids, a field that coincides with one of the strategic lines of Exolum.

The investment in H2Vector is part of an ambitious Open Innovation plan through which Exolum seeks to establish strategic agreements that will enable it to incorporate new technologies and new talent in its business areas related to decarbonisation.

The company is investing in and cooperating with emerging companies from around the world that offer proposals to add differential value and provide innovative solutions in projects linked to the development of new energy vectors such as renewable hydrogen, biofuels and synthetic fuels, energy storage, sustainable mobility and the circular economy.