Bunker fuel terminal operator appointed
Richards Bay liquid bulk concession announced
SOUTH AFRICA: FFS Tank Terminal (Pty) Ltd has been awarded a 25-year concession to operate a liquid bulk terminal specialising in bunker fuels at the Port of Richards Bay.
The award follows the issuing of a Request for Proposals (RFP) by Transnet National Ports Authority (TNPA) in September 2022 to design, develop, finance, refurbish, construct, operate, maintain and transfer of the liquid bulk terminal specialising in bunker fuels at the Port of Richards Bay at a site previously operated by Engen.
The project also marks the commencement of TNPA’s first brown field project and is in line with the Richards Bay Port Master Plan, which seeks to increase the liquid bulk volume and revenue at the ports South Dunes Precinct. The terminal is expected to promote economic activity, job creation and skills development in the Eastern Region.
“The award of this concession marks a significant milestone in the lifeline of this brown field project. TNPA is also very eager about the prospects of the concession, as the bunkering facility demonstrates our commitment to reposition our port as a Dry Bulk and Liquified Natural Gas (LNG).” said Dennis Mqadi, TNPA Port Manager at the Port of Richards Bay.
FFS Tank Terminal has multiple manufacturing sites, storage facilities and tank farms across the country. FFS handles products including heavy fuel oil, liquefied petroleum gas, liquefied natural gas, coal tar fuel, and distillate fuel oil.
354