VTTI and ENNA to develop a major energy asset in the Adriatic

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
VTTI and ENNA to develop a major energy asset in the Adriatic

VTTI, the global independent provider of energy storage, and Energia Naturalis Holding (ENNA), have signed an agreement for the purchase by VTTI of 70% of Adriatic Tank Terminal (ATT) in the Port of Ploce (Croatia), the main Adriatic deep-water port. 

VTTI and ENNA will jointly expand and operate the newly built terminal in the Port of Ploce. The closing of the transaction is subject to closing conditions, including regulatory conditions. VTTI will manage the newly-completed tankage for clean petroleum products (CPP), and shall construct and operate further tank capacity alongside a significant new LPG (Liquefied Petroleum Gas) storage capability, with leading-edge technology.

Phase 1 of ATT is already constructed, in September 2016, the terminal completed the construction of 50,000 m3 capacity for clean petroleum products.  Phase 2 will deliver over 200,000 mof petroleum storage, as well as up to 60,000 mof LPG storage; this will be the largest new LPG storage project in the heart of the Adriatic. In the future, additional space would allow the option of a Phase 3 project for further storage of minimum 100,000 mof petroleum products.

Rob Nijst, CEO of VTTI, said:

"VTTI is very pleased to enter the Adriatic market, supported by our JV partner. The facility will enable the region's energy trade by developing a safe and efficient terminal facility. The growth of the city of Ploce and the region will gather even more speed in the near future, and we are there to support it."

Pavao Vujnovac – ENNA, said:  

"We are delighted to bring a reliable, strong partner into Croatia, with whom we have established excellent cooperation.  Together, we will work on developing the potential of the Port of Ploče as a major Mediterranean port. Through this investment, as with others, we are encouraging the development of Croatian resources in order to achieve influence in the region and improve the quality of life of the community in which we work."

List of country news

Country news

  • September 30, 2016

    RPG sells stake in Croatian wind projects to Mirova

    Mirova-Eurofideme 3, a fund managed by Mirova, Natixis Asset Management’s responsible investment affiliate, has acquired a 49% stake in RP Global’s Croatian wind portfolio. Read more
  • April 28, 2016

    RP Global inaugurates second Croatian wind farm, becoming Croatia’s largest wind energy investor

    Investor and developer RP Global is celebrating the commissioning of its 34.2 MW wind park, Rudine. The inauguration ceremony was attended by prominent members of the wind industry (GE) and banking sector (IFC, Mirova), as well as the local government, among others. Read more
  • November 11, 2015

    Croatia's HEP to build biomass CHP plant

    Hrvatska Elektroprivreda (HEP) a national power company in Croatia has secured construction permit for a woodchip-fired combined heat and power plant (CHP) in Osijek, the fourth largest city in the country. Read more
  • September 09, 2014

    Croatia seeks private investor for hydropower DBOT project

    Hrvatska Elektroprivreda d.d., the national electricity company of the Republic of Croatia, is seeking a strategic partner to develop, design, engineer, finance, construct, operate and maintain a new Hydro Power Plant project Kosinj/Senj on a Design-Build-Operate-Transfer (DBOT) basis for a period of up to 30 years, located in Republic of Croatia. Read more
  • September 17, 2014

    HEP selects Marubeni as Preferred Bidder for Plomin C coal-fired power plant

    Croatia's power utility firm Hrvatska Elektroprivreda (HEP) said on September 2nd it has selected Japan's Marubeni as the best bidder in the tender for selecting a strategic partner for the construction and operation of the 500 MW Plomin C thermal power plant. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.