Stolt’s new partner

Norway’s Stolt-Nielsen group has brought in commodities giant Trafigura to develop a new bitumen terminal in the UK.
Niels Stolt-Nielsen

Niels Stolt-Nielsen

The companies said they will operate the import centre from mid-2015 at Stolthaven Terminals’ Dagenham site, east of London.

Trafigura is expecting to invest at least £15m ($25.31m) over ten years.

The facility at the terminal, which was acquired by Stolt-Nielsen in late 2012, will store up to 20,000 tonnes of the road-building material.

A statement said: “The move is a strong indication of the two firms’ long-term strategic plan to facilitate the importation of bitumen into the UK, with demand for the product expected to increase with the UK government’s future road building and maintenance programme announced in June 2013 as part of the National Infrastructure Plan.”

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