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NIBC supports GPS Amsterdam with their expansion in renewable fuels and environmental friendly transport capabilities

Global Petro Storage Group (“GPS Group”) is a leading independent liquid bulk storage and logistics company that develops and acquires key hydrocarbon and chemical assets globally. GPS Group currently owns three terminals in Europe and Asia, with the Amsterdam terminal (“GPSA”) being its first strategic investment in late 2016. Last year the Amsterdam terminal successfully expanded its Class 1 certified storage capacity from 148,500 m3 to 282,500 m3, allowing GPSA to scale up its capabilities and fulfil growing demand for its services. This is followed by GPS’ new expansion plans to continue to grow its facilities and boost value added services by construction of a railway line and ethanol storage tanks. This is an important strategic investment that will unlock new trading opportunities and a more environmentally friendly logistics alternatives in growth segments such as biofuels and gases. 

The Assignment

GPS was looking to refinance its credit facilities to fund the expansion plan whilst allowing the redeployment of some its capital. Due to NIBC’s experience and knowledge in the liquid bulk market and the strong existing relationship, we were approached to provide a tailored solution for the company’s financing needs.

Adding value

Due to the combination of our professional and entrepreneurial approach and our experience in the tank terminal sector, we were able to design a flexible finance solution that served the ambitions of the client. These tailor made financing solutions allow us to support clients such as GPS in their growth ambitions to provide more environmentally friendly alternatives.

Delivering results

NIBC Infrastructure, in cooperation with Hamburg Commercial Bank, supports GPS by financing its expansion plans whilst enabling the company to further deploy its capital in its ambition to continue to create and sustain partnerships that serve to achieve customer objectives. The expansion will provide a more environmentally friendly alternative mode of transport and increased storage capabilities for biofuels, which is well in line with NIBC’s sustainability goals.

Eric Arnold, CEO at GPS, says: “This is an important investment that will open up a whole range of new possibilities to support both our client’s and our own further expansion plans, especially in the important focus area of ESG, where we aim to continue to identify more environmentally friendly logistics alternatives for our clients and sustainable business cases in growth segments such as biofuels and gases.”

“It is the second expansion investment in our Amsterdam terminal in under a year and represents our commitment to unlocking the full potential of the site with truly world-class assets that help our clients thrive in a changing environment. VARO and the Port of Amsterdam are important partners in this project and in our future growth plans.”

Jan Willem van Roggen, Managing Director at NIBC: "We are very pleased that we can continue to support GPS Group with their growth ambitions. GPS is a loyal and highly respected client of NIBC. We look forward continuing this relationship in the future."

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