Port of Antwerp seeks new investor
The Port of Antwerp is actively seeking a new investor for Churchill Dock
The Port of Antwerp is actively seeking a new investor for its 88-hectare site at the Churchill dock and has formerly launched an international Request for Proposals.
This follows the decision by the Antwerp Port Authority and Energy Recovery Systems Company Ltd (ERS) to cancel the option held by the company on the Churchill site.
ERS had previously requested more time to reach the milestones in the option imposed by the Port Authority, but it announced on 17 April that it was unable to meet the given timing.
The company was originally given the option on the Churchill site in May 2016 so that it could start large-scale production of “green” ammonia and “green” fertiliser at the port representing an investment of €3.7 billion.
Antwerp’s Port Authority had asked the company for and failed to receive more clarity about the technical partners in the project, the financing of the project, its technical feasibility, the quality of the non-recyclable waste and the impact on the existing waste processing industry.
Despite the cancellation of the option, ERS is continuing to work on the project for a Waste-to-Chemicals (WtC) plant that it wants to build in the Antwerp port area, but with the emphasis now on avoiding emissions (including CO2) and recycling additional types of waste.
This development work will be partly managed by a Belgian subsidiary which is due to be set up. Once the project is sufficiently mature, ERS plans to ask the Port Authority once more to consider whether it can still be accommodated within the Antwerp port area.
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