JT Grup Oil SA announces the completion of the first stage of construction of the only private terminal for petroleum products in Romania
The value of the investment in the first phase of the project was 15 million euros, of which 11 million euros represented the financing of AA POIM
JT Grup Oil SA, one of the most important companies in the fuel distribution market, announces the completion of the first stage of development of the JT Terminal project, the only private terminal for petroleum products in Romania. With the completion of infrastructure works the financing project obtained from non-refundable European funds through the Large Infrastructure Operational Program (POIM) was also closed, through which the company benefited from 11 million euros.
With a total investment of 25 million euros, obtained from three sources of financing - equity capital, investment credit granted by UniCredit Bank Romania and financing through the Large Infrastructure Operational Program - upon completion, JT Terminal will be the first private terminal for petroleum products from Romania built in the last 50 years.
Located within the Constanța Nord Port, river-maritime area, the terminal will have eight tanks with a total storage capacity of 31,500 tons. Connected by rail and road to the port and national infrastructure, the new multi-modal and fully automated terminal will allow the simultaneous loading and unloading of ships, wagons and tankers, reducing waiting times in the port for loading or unloading fuels.
The loading and unloading capacity of the terminal is between 700 and a maximum of 1,000 tons per hour for ships, between a minimum of 300 and a maximum of 700 tonnes per hour for trains and between a minimum of 40 and a maximum of 80 tons per hour for tankers. In addition, the terminal can load and unload barges from 3,000 to 9,000 tons, 16 wagons simultaneously, on two parallel railway lines and 20 tankers.
In addition, JT Grup Oil SA aims to become a pioneer in creating an efficient and sustainable distribution network by offering innovative solutions that promote strategic partnerships. The company reaffirms its commitment to the environment by using green energy consumption, produced internally by 100 solar panels of 250 kW, mounted on an area of 2,000 square meters. The energy produced by means of photovoltaic panels fully covers the consumption needs for the entire activity of the group. By using green energy, JT Grup Oil SA contributes to reducing the carbon footprint and protecting the environment.
"JT Terminal will be the most modern terminal for liquid petroleum products in the Black Sea that offers storage and handling spaces for specific products such as diesel, biodiesel, bitumen and other liquid products with the final aim of distributing them on the domestic or foreign market of fuels. It is a large project, developed in two stages. The first stage, which involves the development of the infrastructure, was completed and, together with it, the financing project obtained from non-reimbursable European funds was also closed. The second stage, which we will carry out between March and December, consists in the development of the superstructure necessary to support the implementation of the project in its entirety. JT Terminal is the first and only Romanian private company that obtained financing on AA POIM, and the trust granted by the Government of Romania through the Ministry of Transport and Infrastructure underlines the value and importance of this project.", Rate Jean Paul Tucan, the majority shareholder of JT Grup Oil SA.
Also, after 100% will be operational and due to the storage capacities, JT Terminal will increase the amount of imported fuels, but also the fuel storage and distribution capacity, covering up to one million tons per year of the annual shortfall of two and a half million tons.
"JT Grup Oil is an important player on the fuel market and developer of the first private terminal for petroleum products in Romania. We have a management team that has demonstrated professionalism and resilience over time, two attributes that have helped us grow organically over the past ten years and become a financially balanced company that has won the trust of more than 500 clients across sectors various activities. The development of the first private terminal in Romania is a natural evolution of the company, which came as a result of a deficit of 20-30% of fuel storage and distribution capacity on the Romanian market. We are glad to see that, ahow, close to the completion of the construction, the signals in the market opposite JT Terminal are positive. And this is confirmed by the interest of our partners in Bulgaria, Ukraine or Hungary who request storage and loading-unloading capacities of the products.", declares Bogdan Aldea, President of the Board of Directors and Commercial Director of JT Grup Oil SA
JT Terminal it is a strategic investment both for the entire region and for Eastern Europe. With a capacity of one million tons per year, it will serve Romania, Hungary, Serbia, Austria and Ukraine, an enormous market, which today is in acute need of increasing storage and distribution capacities.
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About JT Grup Oil SA
Currently, JT Grup Oil SA carries out fuel distribution operations in the South-East of Romania with the help of its own fleet of 11 tanks with a capacity of up to 40,000 liters, equipped with pumps and indicators for measuring the delivered quantity. For fuel distribution in the northern part of the country, the company has partnerships with representatives of the business environment, long-term collaborators.
Founded in 2001, JT Grup Oil SA is one of the most important companies active in the fuel distribution market and the developer of the first private terminal for petroleum products in Romania in the port of Constanța. In 2004-2005, he built a bitumen terminal in Medgidia, which he sold shortly after receiving it, and the money obtained from the sale was invested in the development of the fuel distribution network. In 2008, the company began to develop the distribution network and introduced to the market more than 250 tanks equipped with pumps and level indicators. From 2023, JT Grup Oil SA diversified its range of products, and entered the segment of duty-free diesel fuel, which serves commercial vessels for the ports of Midia and Constanța.
