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Euroports Ibérica Increases Coal Trade With Italy

Euroports Ibérica increases coal trade with Italy

Tarragona, Spain (PortSEurope) November 19, 2021 – Euroports Ibérica, coal and petroleum coke handler, has reported that traffic has increased nearly threefold so far in 2021, mainly due to trade with Italy. In January-September, traffic has totaled 1,368,548 tons, compared to the 495,192 tons in the same period of 2020. This remains beloe the 3 million tons moved in 2019. Following the closure of the Endesa plants
in Andorra (Teruel), not operational since June 2020, and the announcement of the Alcúdia (Mallorca) plant, partially in operation and with a total closure scheduled for 2026, Italian company Enel, owner of Endesa, directed the coal logistics operations to its thermal power plants in Italy. However, Italy has also set deadlines for the cessation of production of its thermal power plants for 2025, as a deadline, thus complying with the decarbonization process promoted by the member states of the European Union. The possibility of continuing to operate its thermal power plants today, together with the growing demand for energy sources, has triggered the consumption of coal in Italy. At the same time, Endesa is preparing in our country to reopen the As Pontes thermal power plant, which has already acquired coal for arrival by sea. But, in any case, looking to the future, and despite these increases in the consumption of this mineral, those responsible for Euroports are working to bring in new mineral traffics and thus take advantage of the characteristics of their terminal. “We have one of the most flexible terminals in the Mediterranean to house mineral products”, said the company. Regarding coke, its destination is the cement factories of Spain, and some sporadic exports to Algeria or Morocco. The terminals that operate coal and coke in the Port of Tarragona are those located at the Catalunya and Navarra docks. And the operators are Euroports Ibérica (unloading and storage) and the García Munté society (storage and classification). In the port of Tarragona, Euroports operates terminals handling fossil fuels, dry bulk and forest products. Euroports is owned by a consortium consisting of R-Logitech, a subsidiary of Monaco Resources Group as majority shareholder, and PMV and FPIM, two Belgian investment firms, each for an equal share and as minority shareholder. Copyright (C) PortSEurope. All Rights Reserved. 2021.

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