The company began over 30 years ago as an independent supplier of industrial fuel and steam coal to large end-users in Ireland, where a large presence is still maintained in these markets.
In September, the company’s 5-year storage deal with Mabanaft expires, opening up 31,000m3 of diesel, gasoil and kerosene capacity at the Cardiff terminal. Strategically important to the South Wales and south west region, the storage provides an opportunity for new entrants and security of supply for kerosene and gasoil.
“There’s significant interest from independent importers and suppliers to take over the tanks and supply the market,” said Chris. “However, the option to use the tanks ourselves is also being considered. Being a natural extension to Inver’s Irish business model – we can bring our substantial experience in supply, risk management and pricing options to provide a reliable and competitive supply of product with a fresh approach.” www.inverenergy.com