The move, which takes effect today, 1 June, forms part of Greenergy’s wider strategy to strengthen its Scottish supply infrastructure and increase fuel storage capacity for customers across the region.
Under the agreement, Greenergy has taken over the majority of the terminal’s capacity and will supply a range of road fuels, including diesel, petrol and gasoil as well as kerosene.
Kerosene added in response to customer demand
The addition of kerosene storage is particularly significant for the Scottish heating market, with Greenergy confirming that the product has been added in response to customer demand.
The company said the expanded infrastructure would improve supply resilience and provide customers with greater certainty through the availability of longer-term supply contracts.
As majority tenant at the Grangemouth terminal, Greenergy said it would be able to leverage its global supply chain and infrastructure network to provide a more efficient and reliable fuel supply operation across Scotland.
The investment also enables Greenergy to optimise operations across its two Scottish sites at Grangemouth and Clydebank.
Alongside the terminal expansion, the company has invested in a new depot for Flexigrid close to the Grangemouth terminal. The facility will include parking facilities for customers.
To support its growth plans in Scotland, Greenergy has recruited Lynne McGuigan, formerly of Petroineos, to lead sales activity across Scotland and Northern Ireland. An additional Commercial Manager has also been recruited and will be based in Falkirk.
Enhanced supply security
Commenting on the expansion, Lynne McGuigan, Sales Manager for Scotland and Northern Ireland, said: “We’re expanding our supply infrastructure in Scotland to build greater supply resilience for the region. This new long-term agreement enables us to provide the capacity that will be needed in the future.
“Our infrastructure and global supply chains will enhance supply security and provide a wider choice of fuels, including kerosene, for our customers in Scotland.”
The announcement comes at a time of significant change for Scotland’s fuels infrastructure following the end of refining operations at Grangemouth and increasing industry focus on supply chain resilience, storage capacity and long-term fuel security.
Image provided by Greenergy