JT Grup Oil S.A., a company operating on the Romanian fuel distribution market, announces the completion of the first phase of development of the JT Terminal project, the only private owned oil terminal in Romania. With the completion of the infrastructure works, the financing contract obtained from non-reimbursable European funds through the Large Infrastructure Operational Program (POIM) from which the company benefited from 11 million euros was also finalized.
With a total investment of 25 million euros from three sources of financing – own 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 owned oil terminal in Romania developed in the last 50 years.
Located in the North Constanta Port area, the fluvial-maritime zone, 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 port for loading or unloading fuels.
The terminal’s loading and unloading capacity has a range of 700 to 1,000 tons per hour for ships, 300 to 700 tons per hour for trains and 40 to 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.
JT Grup Oil S.A. also 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 by a 250 kW photovoltaic plant.
”JT Terminal will be the most modern liquid petroleum products terminal in the Black Sea offering storage and handling space for specific products such as diesel, biodiesel, bitumen, and other liquid products with the final purpose of distributing them on the domestic and international fuel markets. It is a large project developed in two stages. The first stage which involves the development of the infrastructure, has been completed and, with it, the financing project obtained from non-reimbursable European funds has also been closed. The second stage, from March 2024 to December 2024, consists in developing the superstructure necessary to support the full implementation of the project. JT Terminal is the first and only private Romanian company that has obtained financing on AA POIM, and the trust granted by the Romanian Government through the Ministry of Transport and Infrastructure underlines the value and importance of this project”, points out Jean Paul Tucan, the majority shareholder of JT Grup Oil SA.
Also, after it will be 100% operational and due to the storage capacities, JT Terminal will increase the quantity of imported fuels, but also the storage and distribution capacity of fuels, covering up to one million tons per year from the annual deficit of two and a half million tons.
”JT Grup Oil is an important player on the fuel market and the developer of the first private petroleum products terminal in Romania. We have a management team that has demonstrated professionalism and resilience over time, two attributes that have helped us grow naturally over the past ten years and become a financially balanced company that has won the trust of over 500 clients from various sectors of activity. The development of the first private oil terminal in Romania is a natural evolution of the company, which came as a result of a 20% to 30% deficit in the storage and distribution capacity of fuels on the Romanian market. We are pleased to see that, now, close to the completion of construction, the market signals regarding JT Terminal are positive. And this is confirmed by the interest of our partners from Bulgaria, Ukraine or Hungary who are requesting already storage and loading-unloading capacities at the terminal”, stated Bogdan Aldea, Chairman of the Board of Directors and General Manager of JT Grup Oil S.A.
JT Terminal is a strategic investment for both the entire region and the Eastern Europe area. With a capacity of one million tons per year, it will serve Romania, Hungary, Serbia, Austria and Ukraine, a huge market, which today is in acute need of increasing storage and distribution capacities.
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