As part of the initial phase of development, three storage tanks will be constructed by the middle of next year, providing over 15 million litres of capacity, with further expansion planned for the future.
It is hoped that the 20 jobs created by the development will lead to many more as the facility attracts business from the oil, gas and renewable sectors.
Port of Blyth chief executive, Martin Lawlor said: “This is excellent news and reaffirms our position as a growing offshore energy hub. Given our excellent deep water facilities and prime location, we believe others will follow to join the significant cluster of organisations within the sector already established around the estuary.”
The Geos Group’s managing director, Barry Newton added: “We’re delighted that the construction of our new marine fuel storage facility is now underway, which will enhance our services to existing and new customers operating in the North Sea and beyond. We chose Blyth for its strategic location and ambitious expansion plans. We look forward to working with the port and regional partners during an exciting period of growth.”