Patrik Petersson, Stena Oil’s vice president for business development, said the Swedish company’s new facility, which is expected to be operational after the summer, “will support a robust bunker market in northern Denmark”.

Stena Oil has plans to develop a marine fuel terminal in the Danish Port of Frederikshavn. The 74,400 cbm facility, which will be able to handle all grades of marine fuel – as well as slops and sludge – will be the largest of its kind in Denmark.

The project had been scheduled for completion in 2020 but the advent of COVID-19 pushed this date back, and the fuel terminal will now be commissioned after the summer.

Petersson said the facility’s start-up will be timely: “While the combination of the IMO 2020 regulation and the pandemic has put pressure on global bunker companies in some regions, Skaw/Gothenburg region, in contrast, has witnessed growth. Among the key factors affecting this is close proximity to low sulphur fuel refining capacity.”

He added: “We are in a unique position where you have a narrow waterway and we have plenty of barges and infrastructure to support demand.”

With the construction of the new Frederikshavn terminal, Stena Oil is seeking to capitalise on a further strategic advantage.

“For us it makes sense to have a storage terminal which is half an hour off the bunkering position in Frederikshavn,” said Petersson. Without the terminal, Stena Oil must ship out product from its 93,000 cbm-capacity Gothenburg storage terminal to the Danish bunkering hub, which at the moment takes around six hours to reach from the terminal in Gothenburg.

“Frederikshavn is doing a really big port expansion and is investing a lot of money there to bring in new services like recycling of oil rigs and ships of the future. The whole maritime market there is really growing,” added Petersson.

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22nd March 2021