Contact Us

Pecém Complex selects Stolthaven Terminals and GES Consortium as H2V Hub green ammonia operator

July 15, 2024

After a rigorous 15-month process, the Pecém Industrial and Port Complex Development Company (CIPP S/A) selected the Stolthaven Terminals/Global Energy Storage (GES) consortium as the “potential operator” to plan, design, build and operate a green ammonia terminal in the Pecém Complex. The project will be part of the shared structure that will be used by green ammonia producers that will be installed in the Pecém Complex from 2026.

The Pecém Industrial and Port Complex (CIPP) is formed by the Port of Pecém, an industrial area, and the Export Processing Zone (ZPE) Ceará, where the producing companies will be located. It is managed by CIPP S/A, which granted the rights to Stolthaven Terminals and GES after an equal and transparent selection process, which lasted more than a year, involving several other global storage providers. During the next phase of the project, with the involvement of Complexo do Pecém and green ammonia producers, the basic engineering of the terminal will be developed before signing the final contract with CIPP S/A.

For Hugo Figueirêdo, president of CIPP S/A, the choice of Stolthaven Terminals after a rigorous selection process, is an important phase in the implementation of the Pecém Green Hydrogen Hub. “We have adhered to our planning schedule so that we can make this project an increasingly closer reality, which will change the lives of the people of Ceará and the history of Ceará”, he highlights.

The development of a green ammonia terminal at the Port of Pecém will serve the production of green hydrogen and the export of this production through green ammonia, allowing markets to access one of the most competitive sources of this renewable energy globally. The Port of Pecém and its shareholder Port of Rotterdam will form the closest H2V export/import route between South America and Europe. The estimated production of green hydrogen from the Pecém Complex is expected to reach 1 million tons/year in 2030, a potential to meet 25% of Rotterdam’s import demand.

“My thanks to CIPP S/A for declaring Stolthaven Terminals and GES as selection winners. We look forward to working with GES, CIPP S/A and our future customers in developing a world-class terminal that will be an integral part of the energy transition”, highlights Guy Bessant, president of Stolthaven Terminals.

In 2023, Stolthaven Terminals and GES agreed to form a partnership to develop and operate an export terminal for green hydrogen and its derivatives. Stolthaven Terminals and GES are leading providers of storage services for bulk liquids and gases, both with a global presence and proven experience in developing complex, large-scale storage projects. Stolthaven Terminals also has an established local presence in Brazil, with 42 years of experience operating as a storage provider at the Port of Santos with multiple customer awards for its expert handling of biofuels and specialty chemicals.

“We are proud of the role we played in this process. Our cooperation with Stolthaven Terminals meant that we jointly developed a fantastic solution for the Port of Pecém, which is also aligned with our vision and how we operate our assets around the world”, concludes Peter Vucins, CEO of GES.

LinkedIn

Get In Touch

We’re investing in a first-class energy storage network

Contact Us

Copyright © 2024 Global Energy Storage

Responsive Website Design, Development & Hosting by mtc.

Dear visitor,

Global Energy Storage (GES) requests your attention for the following.

GES is aware of the existence of websites falsely claiming association with GES or presenting themselves as (a subsidiary of) GES. GES has no control over the nature, content and availability of those websites. GES only has one official website: https://www.gesgroup.global/. Please be aware that any other website claiming to be (affiliated with) GES may be fraudulent. Visitors are advised to exercise caution and verify the authenticity of any such claims.

GES expressly denies any responsibility or liability for any loss or damage, including without limitation indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits out of, or in connection with, the use of such fraudulent websites. GES cannot be held liable for any consequences arising from or in connection to the fraudulent websites.

Please be warned that a fraudulent website may offer or is involved with Storage Spoofing. For more information on Storage Spoofing, and how to identify and report false representations, please visit our dedicated page.

Undersigned,

Global Energy Storage

Chris Forrest - HSE Director

Chris Forrest

HSE Director

Chris started his career in HSE while serving in the Royal Air Force, which he continued after leaving the service and working for the Ministry of Défense, specializing in oil and gas storage and construction.

 He left the public sector in 2012 and continued his career in the private sector, joining VTTI as projects HSE manager, where he worked on oil and gas projects in Kenya, Cyprus, UAE, South Africa, Croatia and Nigeria before joining GPS.

 He joined the GPS Group in December 2018 and is subsequently the HSE Director responsible for all of the GES Group’s construction and development projects as well as providing guidance and support to existing operations.

Chris has maintained a high level of HSE performance over the last 32 years in both the public and private sectors, by his focus on caring about the people and their families that may be impacted by business operations and subsequently protecting them and the organisations he represents.

Martine

Martine de Beer

New Projects & Commercial Manager EMEA

Martine has over 15 years’ experience in various commercial and management roles within the storage industry.

After finishing her MBA, she started as a trainee at Vopak, where she joined the Commercial team of the Chemical Terminals in Antwerp for five years. Martine subsequently joined VTTI, being part of the Management Team of their Amsterdam terminal and thereafter became responsible for the Commercial and Customer Service activities in the ARA region. After five years, Martine started her own consultancy firm. She contributed to the successful realization of several projects at Vesta Terminals, VTTI, MarTest Cambrian and Vattenfall, ranging from operational excellence to contract management.

Martine joined GPS in 2017 as the General Manager of the GPS Amsterdam terminal and has thereafter fulfilled the role of New Projects and Commercial Manager EMEA for GPS, and GES since its formation. Her areas of expertise include project sourcing and execution, including permitting, project management and operational excellence.

Graham Sharp

Graham Sharp

Non-Executive Director

Graham started his career in the commodities sector, first at Marc Rich and then as a co-founder of Trafigura, where he led the oil trading team until his retirement.

 

More recently, he was a Senior VP for international trade at TNK-BP and, for eight years, Chairman of Puma Energy. In addition to his role with GES, Graham is also a Senior Advisor to Oliver Wyman and is an active investor in the renewable energy sector, having sat on the board of a number of successful start-ups.

 

Graham joined as independent Non-Executive Director of GES in 2021.

Andy

Andy Winser

Adviser

Andy holds a first class Chemical Engineering degree from the University of Birmingham. Andy has over 40 years of oil industry experience which he started in 1975 when he joined Shell as a refinery process engineer firstly in the UK and then in Germany.

Andy gained experience in operations, logistics and supply chain management before he moved to Shell’s London headquarters in 1991 where he was deeply involved in Shell’s downstream strategy and in the globalisation of supply and trading activities. In 1998 Andy joined the downstream MandA team and was responsible for a number of multi-billion dollar deals.

For the last 7 years of his Shell career Andy led the international business development team for Shell Trading. On retiring from Shell in 2013 Andy joined Bluewater PE as a consultant. He co-founded GPS in 2016 and was its executive chairman until the end of 2020 when he became a Non-Executive Director.

Yujun

Yujun Zhuang

Senior Financial Analyst

Yujun joined GPS Group in February 2017. Her primary responsibilities currently include financial modelling, due diligence, and execution support for M&A activities.

Prior to joining GPS, Yujun was a Specialist with American President Lines (“APL”), where she was involved in financial planning & analysis, due diligence, and asset management of APL’s global operations department.

Before APL, Yujun was a Senior Executive with both global and Asia regional headquarters of NYK Line. In NYK, she worked on global procurement and cost control, management reporting, as well as various process optimization projects.

Yujun holds a BSc (Hons) in Maritime Studies from Nanyang Technological University. She is also a member of the Institute of Singapore Chartered Accountants.

Soffee

Soffee Mohd

LNG Business Development Manager

Mohd Soffiee is an Electrical Engineer with over 40 years’ experience in Oil and Gas, mostly in LNG and gas pipeline transmission projects. He spent over 26 years with Petronas and had also worked for Woodside and VTTI. Soffiee joined GPS Group in June 2017 and is now supporting GES in its Asian development efforts.

Soffiee was involved in Peninsular Gas Transmission PGU 2&3, MLNG Tiga Bintulu, Idku LNG Egypt, Pluto LNG Australia, Iran LNG, Shell Australia (downstream assets), Ain Sokna Refrigerated LPG Egypt and Chemaweyaat Abu Dhabi.

Soffiee’s roles in the above projects included feasibility studies, FEED, Detail Engineering, Procurement, Construction, Commissioning and Operations (PGU 2&3 and MLNG Dua) of the assets. In VTTI, Soffiee was involved in BD for terminal projects in Myanmar, Penang, ATB, Indonesia, Australia, and Vietnam.

Pal

Pal Pasztrai

Vice President M&A

Pal has spent his career working in finance and in the energy private equity space.

He joined Global Petro Storage Group (“GPS”) in January 2019 and is currently focusing on GES’s M&A activities, primarily outside of Asia.  

Pal was previously with the energy specialist private equity fund, Blue Water Energy, and has gained experience in the oil and gas upstream and midstream sub-sectors, including Blue Water Energy’s investment in GPS in January 2016.

Prior to Blue Water Energy, Pal was an Investment Banking Analyst in the EMEA Diversified Industries & Real Assets team at J.P. Morgan in London.

Pal holds an MSc in Finance from Corvinus University Budapest and also a Masters in International Management from the National University of Singapore (CEMS MiM).

Mani

Mani Thanikaimani

Business Development Director, Asia

Mani has around 15 years’ experience working in various O&G and chemical supply chain roles in developing and optimizing cost effective supply chain infrastructures for oil majors, shipping companies and O&G storage terminals.

After graduating from University Technology Petronas in Malaysia with a degree in Mechanical Engineering, he went to work for Shell Malaysia, where he was part of the downstream supply chain optimization team.

Mani subsequently joined MISC Berhad, a shipping subsidiary of Petronas and worked in a small team to develop (building) the chemical fleet for MISC’s Chemical Business Unit.  He led the commercial DD for MISC while acquiring the 50% stake in VTTI from Vitol ($850mm) in 2010. 

Upon acquisition of VTTI by MISC, he joined VTTI in 2012, in BD, working on numerous projects in Africa and LATAM.  During his career in VTTI, he developed projects for VTTI in the USVI, Pakistan, Ghana, Kenya, Nigeria and notably the Burgan Cape Terminal in South Africa.

Mark

Mark Synnott

Chief Technical Officer

Mark Synnott, a Chartered Mechanical Engineer, started his career with BP before moving to Horizon Terminals and then VTTI.  He joined the GPS Group in December 2016 as the Technical Director responsible for the Group’s construction and technical aspects of development works as well as providing technical advice to existing operations. At GES, he is responsible for overseeing all technical matters of the Group, including executing projects, technical support of business development efforts, and supervising major procurement and maintenance plans.

Over a period stretching nearly 30 years, Mark has been directly responsible for developing close to 5 million m3 of storage across the globe, having spent significant time in the Far / mid-East, Africa, Europe and the Americas.

Mark has extensive experience in Project Development and Implementation, including all aspects of the Design and Construction of Oil and Gas Storage Facilities, including the jetties/pipelines that serve them.

Sim

Sim Seow Wah

CFO

Sim Seow Wah is the CFO at GES Group, where he manages the company’s finances, corporate functions, and banking relationships. Sim is also the CFO of GPS.

Prior to GPS Group, Sim served as treasurer for VTTI, the global oil storage terminal operator. He joined VTTI at the start up stage, was instrumental in the growth of the terminal portfolio, and was responsible for arranging multi-million-dollar bank financing, to fund the expansion of VTTI. He also played a key role in taking VTTI public in 2014, and subsequently bringing VTTI to the US Private Placement market for a debt refinancing deal in 2015. Sim also held leadership roles in Vopak and ABB Lummus.

He holds a BS in Accountancy from the Nanyang Technological University in Singapore, and an MSc in Finance from Erasmus University in the Netherlands.

Alan

Alan Hyslop

CFO

Alan has over 25 years’ experience in M&A and corporate finance. As Chief Investment Officer of GES, Alan is responsible for arranging the funding, execution and structuring of projects in GES’s strong pipeline.

Alan joined GPS in Singapore in January 2019 as Corporate Finance Director, where he has the same responsibilities as his GES role. For the previous 10 years, Alan worked for private equity owned businesses in Corporate Finance and CFO roles, including Apollo Towers, a large telecom infrastructure business in Myanmar, where Alan was Head of Corporate Finance.

Prior to that, Alan was a private equity investor for over 15 years with Dubai International Capital, Prudential and 3i.  He has led and managed numerous PE investments, acquisitions, and fundraisings with a transaction size of up to $1bn. 

Alan has lived and worked in Asia and the Middle East for over 20 years. He is a member of the Institute of Chartered Accountants of Scotland and a graduate of the University of Strathclyde.

Eric

Eric Arnold

Executive Chairman

Eric is the Executive Chairman of GES Group and Chairman and CEO of GPS Group, of which he was a cofounder in early 2016.

Eric has nearly 40 years of storage and logistics experience. Eric started in the storage and logistics industry directly from university in 1982 in GATX in the US, learning terminal operations and engineering. After obtaining an MBA, his career developed commercially and as a leader. He spent 8 years establishing Vopak’s joint ventures in both Shanghai and Malaysia.

Eric was recruited as COO of the VTTI Group in 2007, where he was based in Holland and was responsible for the global operations of the Group across Argentina, Belgium, Latvia, Malaysia, The Netherlands, Nigeria, Kenya, Russia, the UAE, and the USA. In 2009 he became the Managing Director of VTTI Asia.

PeterVucins

Peter Vucins

CEO

Peter has over 20 years’ experience in various commercial and senior management roles within the energy commodity sector, focusing on storage and logistics.

After graduating from Delft University of Technology with a master’s degree in engineering, he worked for Vopak in Rotterdam, where he was part of the business development team for Europe, the Middle East, and Africa.

Peter subsequently joined Mercuria, one of the world’s largest independent energy trading companies, and worked in a small team to build out its midstream asset portfolio, including the storage terminals that were named as “Vesta Terminals”, of which 50% was divested to Sinomart KTS Development Ltd (part of Sinopec) in 2012.

After having held several senior roles (including Managing Director of the largest terminal of Vesta located in Antwerp, and Chief Commercial Officer for the group), Peter was appointed CEO and was responsible for leading the company, until he left to join GPS Group, where he is responsible for Europe, the Middle East and Africa, a function which he currently retains in parallel with being the CEO of GES.