UK port plans pellet handling expansion
The U.K.-based Port of Tyne has announced an expansion of facilities for handling, storing and transporting wood pellet imports. The port is already the largest handler of wood pellets in Europe, and plans call for the enhancement and expansion of existing wood pellet storage facilities and associated quay and rail infrastructure.
According to the port, it is currently in talks with new and existing customers about the expansion. The process to find an investment partner to assist with the funding is well-underway, with discussions being held with a number of interested parties.
The improvements will represent the biggest investment ever made by the port. "It is in renewable energy where we see the next major area of growth for us," said Andrew Moffat, Port of Tyne CEO. "That is why we are working with major companies in the power generation industry to identify their future requirements and making sure we will be ready to meet their needs.”