Prax Terminals, part of the State Oil Group who also own Harvest Energy, have successfully completed the acquisition of the former Shell fuel terminal in Jarrow, as part of its strategy to invest in fuel infrastructure in the UK.
The terminal situated in the North East of England is a top tier COMAH (Control of Major Accident Hazards) site and has a capacity of 40,000cbm. The terminal stores both petrol and diesel and currently receives its product by rail. Over the next few months exciting improvements and modernisation will take place to the infrastructure, tanks, road loading and import facilities.
“We are all delighted that the terminal has a new lease of life; this is a very exciting time for us. The purchase of the terminal by Praxx will not only reinvigorate the terminal but also the region”, Nick Clark, Terminal Manager stated.
PRAX Terminals is part of the State Oil Group which also owns Prax Petroleum and Harvest Energy. The group provides comprehensive coverage across the UK and supplies fuel from its two wholly owned terminals, located in Cardiff and now Jarrow. The group now has multiple options for supplying fuel whenever needed across the UK.
Sanjeev Kumar, PRAX Terminals Managing Director said, ” Too meet our customers’ needs now and in the future we needed a terminal that is quick to respond to changing supply needs and demand fluctuations in the fuel market. The improvements we have planned for our facility will give us a very malleable supply terminal, capable of meeting the current and future requirements of our customers in the north and further afield.”