The Port of Gothenburg and Inter Terminals Sweden (ITS) have signed a 25-year agreement, covering the lease of above-ground areas and underground rock caverns, as well as cargo port dues based on traffic and volume.

"We have already begun transitioning our operations, and at the Port of Gothenburg, we're already handling renewable fuels like FAME and HVO. With longer lease terms and a more transparent and predictable cost structure, we are now better positioned to scale up further - for example, by converting or building new tanks for renewable raw materials and products, as well as investing in new technology and an expanded green portfolio," detailed Johan Zettergren, Managing Director of ITS.

The Port of Gothenburg's CEO, Göran Eriksson, added, "With a 25-year agreement, we gain long-term stability and predictability, giving us a solid foundation for developing an energy port for the future focused on transitioning from fossil to renewable products. Having a skilled, long-term, and responsible partner like Inter Terminals Sweden with us in this effort is something we see as very positive."

ITS, operating independently in the storage and logistics market of liquid products and materials, has been present in the Swedish seaport since 1964 - being now its third-largest customer in the energy business segment.

Photo: Port of Gothenburg